Key insights
- US equity indexes opened lower on Tuesday, pulling back slightly after reaching record highs. Despite the minor dip, investor confidence remains strong, particularly in the AI sector, evidenced by positive news from Hewlett Packard Enterprise and Alphabet. The market is showing a mixed sentiment at the open, with a slight bearish tilt in the major indexes but underlying optimism for AI-related growth.
June 2 (Reuters) - Wall Street’s main indexes opened lower on Tuesday after hitting a series of record highs, while blowout results from Hewlett Packard Enterprise and a funding commitment from Alphabet underscored investor confidence in the AI buildout.
The Dow Jones Industrial Average fell 166.0 points, or 0.33%, at the open to 50,912.84. The S&P 500 fell 4.6 points, or 0.06%, at the open to 7,595.4, while the Nasdaq Composite dropped 56.7 points, or 0.21%, to 27,030.072 at the opening bell.
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