Major stock markets on Wall Street kicked off Tuesday's session in negative territory following the housing starts data which showed the United States economy remains strong despite record interest rates. In business news, Alibaba announced a CEO switch in the fall, while Eli Lilly confirmed acquiring Dice Therapeutics for $2.4 billion.
After a holiday break, the Dow Jones opened 0.51% lower, as Nike Inc. lost 1.81%. The Nasdaq 100 lost 0.33% at the opening bell, with PDD Holdings plunging 6.21%. The S&P 500 fell by 0.41% at the same time, led by Danaher Corp.'s 5.12% decline.
The euro declined 0.10% against the dollar to sell for 1.09101 at 9:23 am ET, hovering around a one-month high.
