US open: Stocks slightly lower as Powell speaks in Europe

(Sharecast News) - Wall Street stocks were mostly lower early on Tuesday as market participants digested comments from Federal Reserve chairman Jerome Powell before the European Central Banking Forum. As of 1445 BST, the Dow Jones Industrial Average was down 0.08% at 39,137.80, while the S&P 500 lost 0.07% to 5,471.34 and the Nasdaq Composite was flat at 17,879.00.

The Dow opened 31.72 points lower on Tuesday, taking a bite out of gains recorded in the previous session.

Powell said the US central bank has made "quite a bit of progress" on inflation but said he needs to be more confident of things easing further before the Fed cuts interest rates. The chairman was joined by the likes of ECB president Christine Lagarde and Banco Central do Brasil governor Roberto Campos Neto.

On the macro front, May JOLTS job openings figures will be published at 1500 BST, with economists expecting to see job openings drop from 8.1m to 7.9m.

In the corporate space, Tesla reported that deliveries had fallen 4.8% in the second quarter.

Markets will shut early on Wednesday and will remain closed on Thursday for the 4th of July holiday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Intel Corp. (INTC) $31.15 0.99% Chevron Corp. (CVX) $157.29 0.49% Salesforce.Com Inc. (CRM) $257.47 0.49% Unitedhealth Group Inc. (UNH) $497.08 0.49% JP Morgan Chase & Co. (JPM) $206.32 0.43% Visa Inc. (V) $264.30 0.40% Cisco Systems Inc. (CSCO) $47.70 0.38% International Business Machines Corporation (CDI) (IBM) $175.70 0.34% Johnson & Johnson (JNJ) $146.94 0.34% Walmart Inc. (WMT) $67.63 0.22%

Dow Jones - Fallers

Walgreens Boots Alliance, Inc. (WBA) $11.48 -0.86% Travelers Company Inc. (TRV) $201.29 -0.83% Walt Disney Co. (DIS) $97.43 -0.62% Microsoft Corp. (MSFT) $454.03 -0.59% Apple Inc. (AAPL) $215.48 -0.59% Goldman Sachs Group Inc. (GS) $462.57 -0.24% Merck & Co. Inc. (MRK) $127.61 -0.23% Verizon Communications Inc. (VZ) $41.67 -0.18% Amgen Inc. (AMGN) $310.52 -0.16% American Express Co. (AXP) $233.57 -0.10%

S&P 500 - Risers

Albemarle Corp. (ALB) $100.76 3.44% Whirlpool Corp. (WHR) $102.65 1.76% Helmerich & Payne Inc. (HP) $36.34 1.68% Paypal Holdings Inc (PYPL) $58.73 1.59% Valero Energy Corp. (VLO) $160.34 1.49% Advanced Micro Devices Inc. (AMD) $159.74 1.30% Estee Lauder Co. Inc. (EL) $106.66 1.21% Gartner Inc. (IT) $446.68 1.21% Air Products & Chemicals Inc. (APD) $250.30 1.20% AES Corp. (AES) $17.65 1.18%

S&P 500 - Fallers

Eli Lilly and Company (LLY) $891.19 -2.54% Westrock Company (WRK) $48.36 -2.44% Nvidia Corp. (NVDA) $121.34 -2.38% Lennar Corp. Class A (LEN) $142.81 -2.14% Everest Group (EG) $371.80 -1.80% D. R. Horton Inc. (DHI) $134.62 -1.75% PulteGroup Inc. (PHM) $104.39 -1.73% Incyte Corp. (INCY) $59.91 -1.58% AbbVie Inc (ABBV) $167.98 -1.40% Cummins Inc. (CMI) $268.81 -1.28%

Nasdaq 100 - Risers

Tesla Inc (TSLA) $220.23 4.94% Sirius XM Holdings Inc (SIRI) $2.93 1.91% Paypal Holdings Inc (PYPL) $58.73 1.59% O'Reilly Automotive Inc. (ORLY) $1,027.67 1.12% Illumina Inc. (ILMN) $106.65 1.09% J.B. Hunt Transport Services Inc. (JBHT) $160.36 1.06% Texas Instruments Inc (TXN) $196.59 1.02% Microchip Technology Inc. (MCHP) $92.50 1.00% Intel Corp. (INTC) $31.15 0.99% Align Technology Inc. (ALGN) $240.76 0.89%

Nasdaq 100 - Fallers

Nvidia Corp. (NVDA) $121.34 -2.38% NetEase Inc. Ads (NTES) $94.47 -2.06% Incyte Corp. (INCY) $59.91 -1.58% Vodafone Group Plc ADS (VOD) $8.77 -1.13% QUALCOMM Inc. (QCOM) $197.83 -1.10% Micron Technology Inc. (MU) $130.18 -1.02% Trip.com Group Limited (TCOM) $47.12 -0.90% Walgreens Boots Alliance, Inc. (WBA) $11.48 -0.86% PACCAR Inc. (PCAR) $101.09 -0.74% Meta Platforms Inc. (META) $501.22 -0.69%