Major US equity indices witnessed a mixed opening on Wednesday amid the prevalent cautious mood and unimpressive earnings reports.
Investors remained on the sidelines and look forward to fresh trade-related developments/news coming out of a key meeting between the US President Donald Trump and European Commission President Jean-Claude Juncker.
Markets also digested disappointing quarterly results from heavyweight stocks, including Boeing and General Motors, which further collaborated to the mixed trading action during the early hour of trade.
Meanwhile, the ongoing upsurge in technology stocks, with tech-heavy Nasdaq Composite Index recovering a part of overnight retracement from record highs, extended some support to the broader markets and helped limit deeper losses, at least for the time being.
At the time of writing this report, the Dow Jones Industrial Average was down over 50-points to 25,188. Conversely, the broader S&P 500 Index climbed around 3-points to 2,823 and Nasdaq rose nearly 20-points to 7,860.
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