Wall Street Opens Lower on Mixed Earnings, First Republic Shares Plunge

Wall Street Opens Lower on Mixed Earnings, First Republic Shares Plunge
A Wall Street sign is pictured outside the New York Stock Exchange in New York on Oct. 28, 2013. (Carlo Allegri/Reuters)
Reuters
4/25/2023
Updated:
4/25/2023

Wall Street’s main indexes opened lower on Tuesday following a mixed batch of earnings reports, while a plunge in deposits of regional lender First Republic Bank stoked concerns about the banking sector.

The Dow Jones Industrial Average fell 47.06 points, or 0.14 percent, at the open to 33,828.34. The S&P 500 opened lower by 10.61 points, or 0.26 percent, at 4,126.43, while the Nasdaq Composite dropped 68.40 points, or 0.57 percent, to 11,968.81 at the opening bell.