Wall Street lower
Wall Street opened lower Tuesday as investors mulled prospects ahead of the second quarter earnings season and the possibility of added government stimulus to jolt the economy from recession.
The blue chip Dow Jones Industrial Average fell 44.66 points (0.54 percent) to 8,280.21 in opening trades a day after a mixed session.
The tech-heavy Nasdaq composite dropped 6.14 points (0.34 percent) to 1,781.26 while the Standard & Poor's 500 broad-market index shed 4.52 points (0.50 percent) to 894.20
"Investors continue to prepare for and debate the outcome of the looming second-quarter earnings season," said Joseph Hargett of Schaeffer's Investment Research.
The earnings season for companies reeling from a prolonged recession kicks off with Wednesday's release of second quarter results by US aluminum giant Alcoa.
Meanwhile, Hargett said "murmurs are rising on the Street about the potential for another stimulus package out of Washington."
Laura Tyson, a member of US President Barack Obama's Economic Advisory Panel, said at a Singapore conference Tuesday that the United States might need a second stimulus package focusing on infrastructure projects.
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