NEW YORK: Wall Street stocks opened mostly lower Tuesday as some high-flying tech names retreated following the prior session’s rally on hopes that Congress would approve a deal to reopen the US government.
Shares of Nvidia dropped 2.5% following SoftBank’s disclosure that it sold US$5.8 billion in the chip company, while pumping funds into other tech companies. Google parent Alphabet as well as Microsoft also fell.
About 15 minutes into trading, the tech-rich Nasdaq Composite Index was down 0.5% at 23,406.60.