U.S. stocks fell modestly at the start of trading Tuesday as investors continued to monitor a rising COVID-19 case count and awaited testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Stephen Mnuchin that could shed more light on Washington's response to the pandemic.
The Dow Jones Industrial Average fell 92 points or 0.4%, while the S&P 500 was down 3 points, 0.1%. The Nasdaq Composite Index was virtually unchanged, opening near 9,875. Trading is likely to be choppy on this last day of the month, quarter, and first half of the year.
Shares of Lululemon Athletica Inc. rose nearly 4% after announcing it will acquire at-home fitness company Mirror for $500 million, a sign both of Lululemon's broader aspirations and the continuing appeal of home-based fitness.
Source : Marketwatch