US: S&P 500, Nasdaq dip from record highs with Trump tax bill in focus

THE S&P 500 and Nasdaq indexes opened lower on Tuesday (Jul 1), after touching record highs a day earlier, as investors monitored US trade talks and a voting marathon in Washington over US President Donald Trump’s tax and spending Bill.

The Dow Jones Industrial Average fell 33.3 points, or 0.08 per cent, at the open to 44,061.49. The S&P 500 fell 17.7 points, or 0.29 per cent, at the open to 6,187.25​, while the Nasdaq Composite dropped 79.1 points, or 0.39 per cent, to 20,290.611 at the opening bell. Reuters