U.S. stock opened little changed after the Organization for Economic Co-operation and Development cut its U.S. growth outlook and urged more trade deals.
The OECD now sees the U.S. economy expanding by just 1.6%, down from 2.2%. It urged governments to strike trade deals to prevent an even sharper slowdown.
At 8:36 A.M. ET, the blue-chip Dow inched up 0.02%, or 9.32 points, to 42,314.80, the broad S&P 500 index dipped 0.08%, or 4.48 points, to 5,931.46 and the tech-heavy Nasdaq slid 0.06%, or 11.36 points, to 19,231.26. The benchmark 10-year yield slipped to 4.422%.
Major stock indexes eked out a gain on the first trading day of the month despite rising trade tensions between the U.S. and China.
"It appears the market took solace in the White House signaling that President (Donald) Trump and Xi Jinping would talk this week," said Mike O'Rourke, chief market strategist at JonesTrading.
April job-openings and labor turnover survey (JOLTS) is due at 10 a.m. ET, along with factory orders.
More: Long-term unemployment hits 2-year high as hiring slows amid economic uncertainty
Corporate news
Stocks to watch include:
After the bell, Hewlett Packard Enterprise and CrowdStrike earnings are due.
Cryptocurrency
Strategy, formerly MicroStrategy, said in a release that it plans to raise $250 million through an initial public offering of a new class of perpetual preferred stock so it can fund more bitcoin purchases.
Bitcoin was last down 0.25% at $105,624.90.
This story was updated with new information.
Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at mjlee@usatoday.com and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday.
This article originally appeared on USA TODAY: US stocks open little changed as investors wait for tariff news.
