By Geoffrey Smith
Investing.com -- U.S. stock markets opened mixed on Tuesday, ahead of another key session of testimony from Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin.
By 9:35 AM ET (1335 GMT), the Dow Jones Industrial Average was down 12 points or 0.1% at 25,583 points. TheS&P 500 was up 0.2% while the Nasdaq Composite was up 0.4%.
Trading is expected to be influenced by quarter-end window dressing, at the end of stocks’ best quarter in over a decade – although that performance is overwhelmingly due to the collapse in the first quarter that was stemmed by massive fiscal and monetary policy stimulus.
Among individual stocks, Boeing (NYSE:BA) stock fell 4.2% after Norwegian Air Shuttle ASA (OL:NWC) canceled an order for 97 aircraft, almost all of which was accounted for by the 737 MAX. Uber (NYSE:UBER) stock rose 3.8% after reports that it's in talks to buy meal delivery service Postmates for around $2.6 billion.