Stocks Opened Slightly Lower after Weak Tech Earnings

U.S. stocks opened mostly lower on Tuesday, with disappointing earnings from Netflix Inc. weighing on sentiment. The Dow industrials lately fell 20.51 points, or 0.11%, to 18,512.54. The S&P fell 6.29 points, or 0.29%, to 2,160.60. The Nasdaq Composite lost 18.68 points, or 0.37%, to 5,037.11.

NetflixInc.  (NFLX) revealed Monday that it added slightly less than 1.7 million new subscribers in the second quarter on a net basis, after projecting that membership would grow by 2.5 million

Goldman Sachs Group Inc. said its quarterly earnings rose as the Wall Street firm rebounded from a brutal start to the year. The company’s second-quarter net income climbed to $1.82 billion, or $3.72 a share, from $1.05 billion, or $1.98, a share a year earlier. Revenue dropped to $7.93 billion from $9.07 billion.

Microsoft Corp. isn’t expected to show meaningful gains in total sales and earnings when it reports fiscal fourth- quarter earnings after the market closes on Tuesday, but investors do expect growth in one core area.

Berkshire Hathaway Inc. agreed to buy Medical Liability Mutual Insurance Co., extending Chairman Warren Buffett’s leadership in the business of protecting doctors against lawsuits.

The International Monetary Fund on Tuesday lowered its global economic outlook, citing the increased uncertainty caused by Britain’s vote to leave the European Union.