U.S. Stocks Fall on Syria, United Continental Tumbles
Wall Street stocks fell early Tuesday as uncertainty over Syria weighed on investor sentiment, while shares of United Continental tumbled amid public outrage over the forcible removal of a passenger from a flight.
With few major economic reports Tuesday, investors fixated on US Secretary of State Rex Tillerson's upcoming talks with Russia about Syria, and tightening polls in the French presidential election, where the outcome will have implications for the eurozone.
About 25 minutes into trading, the Dow Jones Industrial Average had fallen 0.3 percent to 20,600.99.
The broad-based S&P 500 shed 0.4 percent to 2,346.77, while the tech-rich Nasdaq Composite Index fell 0.5 percent to 5,850.95.
United Continental lost 3.2 percent as it faced a torrent of criticism on social media after it called security guards to aggressively remove a passenger from an overbooked flight, who ended up with a bloody face.
Separately, United said its first quarter consolidated revenue per seat mile was flat compared with a year ago.
Qualcomm lost 2.5 percent as it filed a countersuit against Apple claiming the iPhone breached its agreements and encouraged worldwide regulatory attacks on the U.S. computer chip maker.
Apple argued in an earlier complaint that Qualcomm abused its market power to demand unfair royalties. Apple fell 0.7 percent.
Source: Agence France Presse
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