Wall Street opened on a mixed note on Tuesday after previous session’s rally fuelled by the US military action in Venezuela.
Dow Jones Industrial Average, which had touched a new high on Monday, pared gains to open marginally lower at 48,955.82.
Later, the index swung to green and touched a new 52-week high after rising 0.3% to 49,125.62.
The wider index, S&P 500, opened 0.14% or 9.60 points higher at 6,911.65 and tech-heavy Nasdaq index rose 0.30% or 69.78 points to 23,465.60.
In early trade, Tesla Inc.’s stock declined over 3% to $436.21 after China’s BYD outsold Tesla in two of the biggest European EV markets — Germany and the United Kingdom.
BYD registered more than twice as many new vehicles in December as Tesla did in Germany, Bloomberg cited figures released Tuesday by the Federal Motor Transport Authority. In the UK too, the EV maker outperformed Tesla.
The rest of the magnificent seven stocks traded mixed, with bellwether company Nvidia Corp. trading 1.48% higher at $190.90, Apple Inc. declined 1.40% to $263.52, Google-parent Alphabet Inc. was up 0.48% at $318.08.
Besides this, Amazon Inc. traded 1.39% higher at $236.19 while Microsoft Corp. traded 0.10% lower at $472.39.
(This is a developing story)
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