U.S. Stocks Open Slightly Lower After 4-Day String of Gains
Tiger Newspress2022-03-30
U.S. stocks moved slightly lower on Wednesday after the Dow and S&P 500 extended their rally in the previous session, even as fears of an inverted yield curve sparked recession concerns and investors continued watching developments play out in Ukraine.
The Dow Jones Industrial Average slipped by 32 points, or 0.1%. The S&P 500 fell 0.2%, and Nasdaq Composite lost 0.4%.
Shares of chipmaker Micron rose 4% after the company beat estimates on the top and bottom lines. Apparel stock Lululemon jumped 7% after issuing upbeat guidance and announcing a share buyback program.
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