Economic news

U.S. stocks edge lower as Trump poised to abandon Iran nuclear deal

U.S. stocks fell in early trading on Tuesday, dragged down by tech and consumer sectors, while traders focused on President Donald Trump’s statement on Iran nuclear pact due later in the day.

Photo: Reuters

The Dow Jones Industrial Average inched 0.07 percent lower to 24,341.35. The S&P 500 slid 0.09 percent, to 2,670.26. The Nasdaq Composite lost 0.14 percent, to 7,255.34.

Shares of Hertz Global Holdings Inc. dropped 12.6 percent after posting a first quarter loss of $2.43 per share.

Citigroup Inc. rose 2.3 percent after the Wall Street Journal reported ValueAct Capital Partners invested $1.2 billion in bank.

Shares of 21st Century Fox Inc. advanced 1.4 percent on news Comcast Corp. is preparing a bid for company's entertainment assets.

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