U.S. stocks opened mostly lower on Tuesday as investors eyed Congressional testimony from Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell in the morning.
The S&P 500 SPX, -0.23% fell 0.3% to 2,944. The Dow Jones Industrial Average DJIA, -0.69% shed 162 points, or 0.7%, to 24,435. The Nasdaq Composite COMP, +0.44% was up 0.2% to 9,253.
Tuesday's insipid start comes a day after the S&P 500 and Dow Jones Industrial Average both saw their biggest daily gains in six weeks. Equities are looking to consolidate Monday's gains, which came on the back of hopes that a COVID-19 vaccine could arrive sooner than expected. In company news, Dow component Walmart Inc. WMT, +0.77% reported first-quarter earnings and sales that beat consensus estimates.
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