NEW YORK, April 30 (Xinhua) -- U.S. stocks opened mixed on Tuesday as the Wall Street was digesting a fresh wave of earnings reports.
Shortly after the opening bell, the Dow Jones Industrial Average rose 31.75 points, or 0.12 percent, to 26,586.14. The S&P 500 was down 6.10 points, or 0.21 percent, to 2,936.93. The Nasdaq Composite Index decreased 61.36 points, or 0.75 percent, to 8,100.50.
Five of the 11 primary S&P 500 sectors traded on a downbeat note, with communication services down more than 2 percent shortly after the opening, the worst-performing group in the index.
Shares of Google-parent Alphabet plunged more than 7 percent in morning trading. The U.S. tech giant reported quarterly results after Monday's close, with revenue of 36.34 billion U.S. dollars in the first quarter, missing the market expectations of 37.33 billion dollars. The weaker revenue was driven by the decelerating ad sales growth at Google, the company said.
Shares of General Electric jumped more than 5 percent after the company reported better-than-estimated quarterly results Tuesday.
McDonald also posted quarterly earnings and revenue that both topped analysts' expectations early Tuesday. The stock, however, retreated about 0.3 percent after the opening.
Apple is set to report after Tuesday's close, which attracts investors' attention. Enditem
