New York--Wall Street stocks dipped from record highs in opening trade Wednesday following mixed earnings reports.
Five minutes into trade, the Dow Jones Industrial Average was at 18,197.37, down 11.82 points (0.06 percent).
The broad-based S&P 500 dipped 1.71 (0.08 percent) to 2,113.77, while the tech-rich Nasdaq Composite Index lost 8.25 (.017 percent) at 4,959.88.
Home-improvement retailer Lowe's gained 0.2 percent after reporting a 47 percent jump in fourth-quarter earnings following a 7.3 percent rise in comparable sales.
But technology giant Hewlett-Packard sank 9.1 percent as first-quarter earnings dropped 4.1 percent. The company warned that the impact of the strong dollar on earnings this year will be "significantly greater than we expected in November."
Traders are eyeing a second day of congressional testimony by Federal Reserve Chair Janet Yellen. Yellen's remarks Tuesday were seen as dovish on monetary policy, helping to push US stocks to record closes.
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