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New York - Wall Street stocks dipped in early trade on Tuesday ahead of a closely watched reading on US consumer confidence.
About 25 minutes into trade, the Dow Jones Industrial Average was at 15 973.77, down 28.12 points.
The broad-based S&P 500 slipped 0.05% to 1 880.87, while the tech-rich Nasdaq Composite Index dropped 0.26% to 4 531.61.
The Dow and S&P 500 opened higher, but then dropped into negative territory. Analysts said US stocks could benefit from bargain hunting after the S&P 500 plunged 2.6% on Monday on worries about slowing global growth.
Key data releases this week include the Conference Board's index of consumer conference for September later Tuesday and, on Friday, the US jobs report for the same month.
Yahoo jumped 4.4% on news it will continue to seek a sale of its Alibaba holdings. The technology company said it would pursue the transaction despite not getting a guarantee that US tax officials would permit the transaction to qualify as tax-free.
Tobacco giant Reynolds American rose 2.0% on news it will sell international rights for its Natural American Spirit brand to Japan Tobacco Group for about $5bn.
Dow member McDonald's rose 1.6% following an upgrade from Credit Suisse, which said the fast-food giant's sales outlook is starting to improve after a run of disappointing results.
Bond prices rose. The yield on the 10-year US Treasury fell to 2.08% from 2.10% on Monday, while the 30-year dipped to 2.87% from 2.88%. Bond prices and yields move inversely.
