U.S. stocks opened mostly lower on Tuesday as investors wait to hear from Fed Chairman Jerome Powell, who will speak at the Economic Club of Washington D.C. in the afternoon. The S&P 500 SPX, -0.21% fell by 10 points, or 0.3%, to 4,101. The Nasdaq Composite COMP, -0.00% was flat at 11,880. The Dow Jones Industrial Average DJIA, -0.34% was off 170 points, or 0.5%, at 33,734. U.S. stocks have been trending lower since Friday’s blockbuster jobs report, which revived doubts about whether the Fed has done enough to quell inflation.
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