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May 1, 2018, 9:33 a.m. EDT

Stocks open open slightly lower as earnings, Fed meting in focus

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By Anora M. Gaudiano

U.S. equity markets opened lower on Tuesday as investors remained cautious ahead of the Federal Reserve's two-day policy meeting as well as uncertainty surrounding global trade. Despite a solid earnings season with double-digit growth that largely has been above expectations, markets have been unable to fully recover from a 10% drop in February. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.88% fell 75 points, or 0.3%, to 24,086. The S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.12% declined 3 points, or 0.1% to 2,643. Meanwhile the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -1.07% was down 12 points, or 0.2% to 7,054 at the open. Among the worst performers on the S&P 500, Tapestry Inc /zigman2/quotes/200192679/composite TRP +0.64% shares slumped 14% after quarterly earnings.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,657.42
-244.56 -0.88%
Volume: 703.89M
Sept. 18, 2020 5:15p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,319.47
-37.54 -1.12%
Volume: 4.09B
Sept. 18, 2020 5:15p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
10,793.28
-116.99 -1.07%
Volume: 5.26M
Sept. 18, 2020 5:16p
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/zigman2/quotes/200192679/composite
US : U.S.: NYSE
$ 45.85
+0.29 +0.64%
Volume: 1.98M
Sept. 18, 2020 4:00p
P/E Ratio
13.54
Dividend Yield
5.30%
Market Cap
$43.12 billion
Rev. per Employee
$1.45M
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