Wall Street today: US stocks edge lower as investors focus on Trump’s tax bill | Stock Market News
Source: Live Mint
Wall Street’s key indices opened lower on Wednesday, as markets awaited the outcome of a debate around US President Donald Trump’s tax-cut bill.
As of 10:10 AM Eastern time, the S&P 500 was down 0.4%, the Dow Jones Industrial Average lost 0.7%, and the Nasdaq Composite fell 0.2%.
At the opening bell, the Dow Jones Industrial Average fell 322.8 points, or 0.76%, to 42,354.46. The S&P 500 fell 30.3 points, or 0.51%, to 5,910.18, while the Nasdaq Composite dropped 139.8 points, or 0.73%, to 19,002.942.
In the bond market, the yield on the 10-year Treasury gained to 4.52% from 4.48% late on Tuesday.
Retailer Target’s stock slumped 5.8% after the company posted weaker profit and revenue.
Lowe’s shares fell 0.5% despite the company reporting a quarterly profit above Wall Street expectations.
Carter’s stock sank 12.3% after the apparel retailer cut its dividend.
Keysight Technologies shares rose 5.7% after the software company’s earnings topped analysts’ expectations.
