July 17, 2018 / 1:44 PM / 4 months ago

US STOCKS SNAPSHOT-Wall Street opens lower as Netflix weighs

July 17 (Reuters) - U.S. stocks opened lower on Tuesday, as Netflix’s sharp drop following weak subscriber growth weighed on consumer discretionary stocks and as investors awaited Federal Reserve Chair Jerome Powell’s Congressional testimony.

The Dow Jones Industrial Average fell 30.44 points, or 0.12 percent, at the open to 25,033.92.

The S&P 500 opened lower by 9.09 points, or 0.32 percent, at 2,789.34. The Nasdaq Composite dropped 53.74 points, or 0.69 percent, to 7,751.98 at the opening bell. (Reporting by Amy Caren Daniel in Bengaluru)

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