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US stocks pause near all-time recordsThe broad-based S&P 500 slipped 0.2 percent to 3,908.90, while the tech-rich Nasdaq Composite Index edged up 0.1 percent to 13,997.67
AFP
Last Updated IST
New York Stock Exchange (NYSE), in Manhattan, New York City, New York, US. Credit: AFP File Photo
New York Stock Exchange (NYSE), in Manhattan, New York City, New York, US. Credit: AFP File Photo

Wall Street stocks were steady early Tuesday, holding most gains from a recent rally fed by hopes for fiscal stimulus spending and expectations of a strong economic rebound.

Major indices, which closed at records Monday, mostly dipped as investors await developments on President Joe Biden's $1.9 trillion coronavirus relief package.

The market has also been boosted by progress on coronavirus vaccines that have raised hopes for earnings growth in 2021 and beyond.

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About 15 minutes into trading, the Dow Jones Industrial Average was down 0.3 percent at 31,292.29.

The broad-based S&P 500 slipped 0.2 percent to 3,908.90, while the tech-rich Nasdaq Composite Index edged up 0.1 percent to 13,997.67.

Among individual companies, Electronic Arts gained 0.7 percent after announcing a $2.1 billion deal by smartphone-focused game studio Glu Mobile.

Another video game developer, Take-Two Interactive Software, fell 6.7 percent as analysts pointed to uncertainty over the company's outlook for its 2022 fiscal year.

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(Published 09 February 2021, 22:37 IST)