(New York) The New York Stock Exchange opened lower on Wednesday, losing part of the gains from the previous day’s substantial rebound, due to profit taking and the announcement of disappointing company results in the distribution sector.
Posted at 9:54 a.m.
A few minutes after the opening, the Dow Jones index lost 1.04% and the NASDAQ, with strong technological coloring, dropped 1.51%. On Tuesday, the indices rebounded, driven by technology and the lure of bargains after seven weeks of losses for the NASDAQ. The Dow Jones gained 1.34% to 32,654.09 points, the NASDAQ jumped 2.76% to 11,984.52 points and the S&P 500 advanced 2.02% to 4088.85 points.