US stocks open lower with Powell’s testimony in focus

Wall Street’s main indexes opened lower on Tuesday, as investors awaited a testimony from Federal Reserve Chair Jerome Powell for insight on tariffs and their impact on inflation in the world’s biggest economy.

The Dow Jones Industrial Average fell 69.0 points, or 0.16%, at the open to 44,401.38. The S&P 500 fell 17.1 points, or 0.28%, at the open to 6,049.32, while the Nasdaq Composite dropped 112.2 points, or 0.57%, to 19,602.112 at the opening bell.