Wall Street Opens Slightly Lower After Rally
The stock exchanges in New York opened a little lower on Tuesday, taking a step back after the rally in recent trading days.
Investors’ attention on Wall Street continues to be on political developments in Washington over President Joe Biden’s new $ 1.9 trillion corona support package. Also, quarterly figures of various companies are processed.
Shortly after opening, the Dow Jones index recorded a minus of 0.3 percent at 31,306 points. The broad S&P 500 dropped 0.2 percent to 3907 points, and the technology gauge Nasdaq fell a fraction to 13,684 points.
The U.S. Senate and House of Representatives voted Friday on a budget resolution that would allow Democrats to get Biden’s new aid package through Congress without support from Republicans. It will probably take a few more weeks for the final bill to be drafted.
Computer game maker Electronic Arts (EA), known for the FIFA football games, buys industry peer Glu Mobile for $ 2.1 billion.
Glu Mobile made mobile versions of Call of Duty shooting games, puzzle classic Lemmings and skateboarding series Tony Hawk, among others. Glu Mobile’s share rose nearly 34 percent. EA won 0.4 percent.