Stocks Opened Lower, Weighed by Tech Sector

U.S. stocks opened modestly lower on Tuesday, as a renewed selling of technology shares weighed on the main indexes. The Dow Jones Industrial Average lately fell 24.69 points, or 0.12%, to 21,384.86. The S&P 500 declined 4.79 points, or 0.20%, to 2,434.28. The Nasdaq Composite was down 27.45 points, or 0.44%, to 6,219.70.

Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar but worries over persistent oversupply capped gains. Brent crude futures gained 64 cents to $46.47 per barrel by 1152 GMT. U.S. West Texas Intermediate (WTI) crude futures were up 56 cents at $43.94 per barrel.

The U.S. National Home Price NSA Index reports a 5.5 percent annual gain in April, down slightly from 5.6 percent in March, according to data from S&P CoreLogic Case-Shiller.

The European Union’s antitrust regulator on Tuesday fined Alphabet Inc.’s Google a record €2.42 billion ($2.71 billion) for favoring its own comparison-shopping service in search results and ordered the search giant to apply the same methods to rivals as its own when displaying their services in search results.

Olive Garden parent Darden Restaurants Inc. (DRI) said Tuesday it has raised its quarterly dividend by 12.5% to 63 cents a share from 56 cents a share. The new dividend will be payable Aug. 1 to shareholders of record on July 10. Based on Monday’s stock closing price of $90.08.