New York - Petroleum-linked stocks opened higher on Tuesday on rebounding oil prices but the broader stock market dipped on worries over high valuations.
Oil giants ExxonMobil and Chevron climbed 0.9% and 0.6% respectively, as oil prices recovered some of their losses from Monday.
But analysts expressed concerns about lofty US equity valuations in the wake of mixed economic data and earnings.
Five minutes into trade, the Dow Jones Industrial Average stood at 18 392.73, down 0.1%.
The broad-based S&P 500 shed 0.1% to 2 169.12, while the tech-rich Nasdaq Composite Index lost 0.1% at 5 178.86.