The S&P 500 index opened at a record high on Tuesday lifted by shares of mega-cap technology firms before reversing direction. Beijing’s regulatory crackdown hammered shares of several U.S.-listed Chinese firms.
The Dow Jones Industrial Average declined 148.36 points, or 0.43 per cent, to 34,637.99 in early deals.
The S&P 500 dropped 7.66 points, or 0.18 per cent, to 4,344.68, after hitting a record high of 4,356.46.
The technology stocks-heavy Nasdaq Composite rose 10.94 points, or 0.08 per cent, to 14,650.27.
