Wall Street Opens Flat, Paring Gains as Hurricane Threatens Gulf

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Investing.com — U.S. stock markets opened mixed on Tuesday as the good mood music created by U.S.-China trade talks and falling numbers of coronavirus cases in the U.S. was drowned out by the sound of an approaching hurricane. 

Hurricane Laura, upgraded overnight from Tropical Storm designation by the National Hurricane Center, is set to make landfall by Wednesday evening, and is set to disrupt the operations of major oil refineries in east Texas and Louisiana, some of which have already been shut as a precaution. So far, however, it appears unlikely that the storm will hit Houston, further west on the Gulf of Mexico coast.

By 9:40 AM ET (1340 GMT), the Dow Jones Industrial Average was down 30 points or 0.1% at 28,278 points. The S&P 500, which closed above 3,400 for the first time on Monday, eked out another 0.1% gain, while the Nasdaq Composite was up by less than 0.1%.