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U.S. stocks open modestly lower as summer rally set to pause

·1 min read
U.S. stocks open modestly lower as summer rally set to pause

U.S. stocks opened modestly lower on Tuesday as the stunning summer rally appeared set to pause after the S&P 500 closed at its highest level in three months a day earlier. The S 500 shed 3 points, or 0.1%, to 4,292. The Dow Jones Industrial Average gained 30 points, or 0.1%, to 33,958, as the blue-chip average was bolstered by strong earnings from Walmart Inc. . The Nasdaq Composite declined 30, 0.2%, 13,097. Stocks have rallied sharply since hitting their lows of the year in June. The SP was u