(Reuters) - U.S. stocks opened lower on Tuesday, as Netflix’s sharp drop following weak subscriber growth weighed on consumer discretionary stocks and as investors awaited Federal Reserve Chair Jerome Powell’s Congressional testimony.
FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 6, 2018. REUTERS/Brendan McDermid
The Dow Jones Industrial Average .DJI fell 30.44 points, or 0.12 percent, at the open to 25,033.92. The S&P 500 .SPX opened lower by 9.09 points, or 0.32 percent, at 2,789.34. The Nasdaq Composite .IXIC dropped 53.74 points, or 0.69 percent, to 7,751.98 at the opening bell.
Reporting by Amy Caren Daniel in Bengaluru
