U.S. stocks are seen opening lower Tuesday, retreating from record highs ahead of the start of the latest Federal Reserve meeting and quarterly results from several massive tech tech companies. At 7:05 AM ET (1105 GMT), the Dow Futures contract was down 90 points, or 0.2%, S&P 500 Futures traded 6 points, or 0.1%, lower and Nasdaq 100 Futures was flat. The Chinese regulatory clampdown continued to pressurize the country’s tech companies and thus their American Depositary Receipts.
By Gina Lee
Yahoo Finance’s Julie Hyman, Brian Sozzi, and Myles Udland break down the market action for Chinese stocks amid the country’s crackdown on tutoring companies.