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Stock market today: Wall Street opens lower, pulling the Dow below its record high

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NEW YORK (AP) — Stocks are opening slightly lower on Wall Street, pulling the Dow Jones Industrial Average a bit below the record high it set a day earlier. The Dow gave back 63 points in the first few minutes of trading Tuesday, or 0.1%.

NEW YORK — Stocks are opening slightly lower on Wall Street, pulling the Dow Jones Industrial Average a bit below the record high it set a day earlier. The Dow gave back 63 points in the first few minutes of trading Tuesday, or 0.1%. The S&P 500 lost 0.3%, and the Nasdaq composite fell 0.5%. The parent company of the Paramount movie studio sank 5% after Edgar Bronfman Jr.

A previously agreed to merger between Paramount and media company Skydance now appears poised to move forward after Bronfman told Paramount’s special committee of directors Monday night he was pulling his $6 billion bid. Hong Kong’s Hang Seng added 0.4% to 17,874.67 and the Shanghai Composite index dropped 0.2% to 2,848.73.

In currency trading, the U.S. dollar ticked up to 144.56 Japanese yen from 144.52 yen. The euro cost $1.1165, up modestly from $1.1161.

 

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