U.S. Stock Market Shows Mixed Early Movements

The U.S. stock market exhibited varied early movements, with major indices showing different trends. According to RTHK, the Dow Jones Industrial Average was reported at 49,423 points, marking an increase of 15 points. Meanwhile, the S&P 500 Index stood at 6,947 points, experiencing a decline of 28 points, or 0.41%. The Nasdaq Composite Index was at 23,403 points, down by 188 points, representing a decrease of 0.8%. In corporate news, PepsiCo's shares rose nearly 4% following the announcement of its earnings. Conversely, Pfizer's stock fell by almost 4% after releasing its performance results. PayPal's stock saw a sharp drop of over 17% as its quarterly earnings fell short of market expectations.