US stocks were mixed on Tuesday with the Nasdaq outperforming its peers, boosted by rising megacap technology stocks.
The market participants are awaiting key consumer inflation data to be released on Wednesday. It could influence the US Federal Reserve’s upcoming interest rate decision this month. The Fed meeting is scheduled for December 17-18.
At 9:37 am ET, the Dow Jones Industrial Average fell 145.77 points, or 0.33 per cent, to 44,256.16, the S&P 500 lost 0.16 points to 6,052.69 and the Nasdaq Composite gained 82.12 points, or 0.42 per cent, to 19,818.81.
At the opening bell, the Dow Jones Industrial Average fell 110.4 points, or 0.25 per cent, to 44,291.57. The S&P 500 rose 4.7 points, or 0.08 per cent, to 6,057.59, while the Nasdaq Composite rose 59.7 points, or 0.30 per cent, to 19,796.39.
Among technology stocks, Google-parent Alphabet jumped 4.7 per cent, following the company’s unveiling of its new quantum computing chip,…
