Stocks Opened Lower ahead of Trump Iran Decision

U.S. stocks opened slightly lower on Tuesday, weighed down by technology and consumer discretionary stocks, as investors awaited President Donald Trump’s decision on Iran nuclear deal. The Dow Jones Industrial Average lately fell 70.71 points, or 0.29%, to 24,286.61. The S&P 500 was down 8.95 points, or 0.33%, to 2,663.68. The Nasdaq Composite dropped 27.78 points, or 0.38%, to 7,237.43.

Oil prices continued to drop on Tuesday, as investors awaited a decision from President Donald Trump on the Iranian nuclear deal. June West Texas Intermediate crude oil was down 86 cents, or 1.2%, to $69.88 a barrel. July Brent crude fell 75 cents, or 1%, to $75.42 a barrel.

U.S. cable operator Comcast Corp is asking investment banks to increase a bridge financing facility by as much as $60 billion so it can make an all-cash offer for the media assets that Twenty-First Century Fox Inc has agreed to sell to Walt Disney Co for $52 billion, three people familiar with the matter said on Monday.