U.S. stocks open modestly lower as summer rally set to pause

U.S. stocks opened modestly lower on Tuesday as the stunning summer rally appeared set to pause after the S&P 500 closed at its highest level in three months a day earlier. The S&P 500 /zigman2/quotes/210599714/realtime SPX +0.40% shed 3 points, or 0.1%, to 4,292. The Dow Jones Industrial Average gained 30 points, or 0.1%, to 33,958, as the blue-chip average was bolstered by strong earnings from Walmart Inc. /zigman2/quotes/207374728/composite WMT +0.44% . The Nasdaq Composite declined 30, 0.2%, 13,097. Stocks have rallied sharply since hitting their lows of the year in June. The S&P was up more than 17% through Monday from its mid-June low, but remains down 10.4% from its Jan. 3 record close.

/zigman2/quotes/210599714/realtime

Add to watchlist SPX

S&P 500 Index

US : S&P US

4,337.44

+17.38 +0.40%

Volume: 0.00

Sept. 25, 2023 5:22p

/zigman2/quotes/207374728/composite

Add to watchlist WMT

Walmart Inc.

US : U.S.: NYSE

$ 163.07

+0.72 +0.44%

Volume: 3.49M

Sept. 25, 2023 4:00p

P/E Ratio

31.40

Dividend Yield

1.40%

Market Cap

$436.98 billion

Rev. per Employee

$300,378