US open: Stocks mixed as investors await tomorrow's CPI reading

(Sharecast News) - Wall Street trading got off to a mixed start on Tuesday after both the S&P 500 and Nasdaq Composite retreated from their record highs in the previous session. As of 1500 GMT, the Dow Jones Industrial Average was down 0.44% at 44,206.07, while the S&P 500 lost 0.01% to 6,052.35 and the Nasdaq Composite came out the gate 0.45% firmer at 19,825.82.

The Dow opened 195.86 points lower on Tuesday, extending losses recorded in the previous session.

Stocks lacked direction early on Tuesday as traders continue to hold out for tomorrow's consumer price index report, which comes just a week before the Federal Reserve's next interest rate decision.

On Tuesday's macro slate, the National Federation of Independent Business' small optimism index jumped to 101.7 in November for the highest reading since June 2021, up from 93.7 in October and ahead of expectations for a reading of 94.2.

In the corporate space, software giant Oracle traded lower after its Q2 earnings and revenue fell short of expectations, and the group issued disappointing guidance.

Still to come, GameStop and Dave & Buster's Entertainment will both report earnings on Tuesday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Boeing Co. (BA) $161.94 3.12% Chevron Corp. (CVX) $158.77 1.08% Walmart Inc. (WMT) $94.69 0.92% Salesforce.Com Inc. (CRM) $354.16 0.74% Johnson & Johnson (JNJ) $150.45 0.57% Unitedhealth Group Inc. (UNH) $562.30 0.30% Microsoft Corp. (MSFT) $446.96 0.21% American Express Co. (AXP) $297.30 0.20% Dowdupont Inc. (DWDP) $0.00 0.00% Visa Inc. (V) $308.15 -0.05%

Dow Jones - Fallers

Caterpillar Inc. (CAT) $386.68 -3.15% 3M Co. (MMM) $128.65 -2.16% Walgreens Boots Alliance, Inc. (WBA) $8.70 -1.64% Dow Chemical Co. (DOW) $42.03 -1.64% Travelers Company Inc. (TRV) $248.12 -1.51% Home Depot Inc. (HD) $423.03 -1.43% Intel Corp. (INTC) $20.53 -1.33% McDonald's Corp. (MCD) $297.56 -1.26% Merck & Co. Inc. (MRK) $102.71 -1.04% Cisco Systems Inc. (CSCO) $58.36 -1.00%

S&P 500 - Risers

Alaska Air Group Inc. (ALK) $60.95 12.54% Alphabet Inc. Class A (GOOGL) $183.95 4.89% Alphabet Inc. Class C (GOOG) $185.62 4.81% Edwards Lifesciences Corp. (EW) $74.15 4.59% American Airlines Group (AAL) $17.77 3.55% Boeing Co. (BA) $161.94 3.12% Nektar Therapeutics (NKTR) $1.03 1.98% Royal Caribbean Cr (RCL) $251.28 1.67% Norwegian Cruise Line Holdings Ltd (NCLH) $26.36 1.54% Ball Corp (BALL) $58.47 1.39%

S&P 500 - Fallers

Oracle Corp. (ORCL) $173.23 -9.04% United Rentals Inc. (URI) $787.68 -5.77% Brighthouse Financial, Inc. (BHF) $47.89 -4.41% Centene Corp. (CNC) $55.93 -4.38% Hartford Financial Services Group Inc. (HIG) $111.57 -4.00% Martin Marietta Mtrl (MLM) $555.05 -3.42% Caterpillar Inc. (CAT) $386.68 -3.15% Lincoln National Corp. (LNC) $32.67 -3.14% Albemarle Corp. (ALB) $106.28 -3.08% Gallagher Arthur J (AJG) $283.19 -2.97%

Nasdaq 100 - Risers

Alphabet Inc. Class A (GOOGL) $183.95 4.89% Alphabet Inc. Class C (GOOG) $185.62 4.81% American Airlines Group (AAL) $17.77 3.55% Tesla Inc (TSLA) $398.78 2.31% Asml Holdings N.V. (ASML) $718.02 1.63% T-Mobile Us, Inc. (TMUS) $232.56 1.62% Illumina Inc. (ILMN) $149.55 1.37% Gilead Sciences Inc. (GILD) $91.74 1.26% Meta Platforms Inc. (META) $621.07 1.22% Nvidia Corp. (NVDA) $140.43 1.17%

Nasdaq 100 - Fallers

Sirius XM Holdings Inc (SIRI) $26.35 -8.33% Baidu Inc. (BIDU) $88.96 -4.39% NetEase Inc. Ads (NTES) $97.02 -3.90% JD.com, Inc. (JD) $39.91 -3.30% Trip.com Group Limited (TCOM) $72.84 -2.96% eBay Inc. (EBAY) $63.35 -2.75% Gen Digital Inc. (GEN) $29.87 -2.00% Walgreens Boots Alliance, Inc. (WBA) $8.70 -1.64% Check Point Software Technologies Ltd. (CHKP) $184.90 -1.59% Workday, Inc. (WDAY) $275.48 -1.58%