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Investing.com — U.S. stock markets opened mixed on Wednesday, breaking a run of three straight daily gains amid concerns about the reviving momentum of the Covid-19 pandemic – both in the U.S. and in China, where it originated.
By 9:35 AM ET (1335 GMT), the Dow Jones Industrial Average was down 31 points or 0.1%, at 26,259, while the S&P 500 was effectively flat. The Nasdaq Composite outperformed slightly, rising 0.4%.
The Dow and S&P both suffered from weakness in the travel sector, with cruise line stocks falling sharply after Norwegian Cruise Lines extended the suspension of sailings by most of its brands through September.
Oracle (NYSE:ORCL) stock also underperformed after the software company posted weaker-than-expected results for the three months through May after the bell on Tuesday.
