Wall Street opens lower amid earnings, data

Tuesday, 04. May 2021 15:31

Major stock markets in the United States opened lower on Tuesday, as companies continued to publish their quarterly earnings reports. Pfizer's revenue topped analyst's estimates for the first quarter climbing to $14.6 billion, while CVS also had higher-than-expected revenue, and Warner Media's second-quarter revenue climbed to $1.3 billion. Meanwhile, the US trade deficit rose in March topping $74.4 billion.

The Dow Jones opened 0.30% in the red, with Apple dropping 2.47%. The Nasdaq 100 was down by 0.83%, as Incyte Corp dropped 3.16% at 9:32 am ET. The S&P 500 declined by 0.49%, with Catalent Inc dropping 6.87% a minute after opening.

The euro was down 0.36% against the dollar trading for $1.20194 at 9:32 am ET.

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