Stocks open lower for a second day despite strong earnings

U.S. stocks started Tuesday’s session on the back foot after retreating from fresh records Monday, even as quarterly corporate results continued to come in strong. The Dow Jones Industrial Average dipped 120 points, 0.4%, to open near 33,597, while the S&P 500 lost 11 points, 0.3%, and started trading near 4,153. The Nasdaq Composite shed 11 points,0.1%, and traded near 13,904. Stock-market bellwethers like International Business Machines Corp. and Johnson & Johnson both beat analyst expectations. IBM shares were nearly 3% higher after the bell, while Johnson & Johnson share dipped.

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