US stocks slipped on Tuesday, after mixed earnings from United Parcel Service and General Motors.
Investors are awaiting the outcome of the US Federal Reserve’s two-day policy meeting, due on Wednesday.
At 10:07 a.m. ET, the Dow Jones Industrial Average was down 16.99 points, or 0.04 per cent, at 38,316.46, the S&P 500 was down 4.00 points, or 0.08 per cent, at 4,923.93, and the Nasdaq Composite was down 37.20 points, or 0.24 per cent, at 15,590.85.
The Dow Jones Industrial Average fell 35.22 points, or 0.09 per cent, at the open to 38,298.23. The S&P 500 opened lower by 2.04 points, or 0.04 per cent, at 4,925.89, while the Nasdaq Composite dropped 23.97 points, or 0.15 per cent, to 15,604.08 at the opening bell.
General Motors stock jumped 7.1 per cent after the company forecast upbeat earnings for 2024.
Shares of United Parcel Service plunged 8.1 per cent, after the company forecast annual revenue below estimates. It also said it would cut…
