Market Reaction to Fitch Ratings' Downgrade

Major US stock market indexes showed little movement at the opening bell on Tuesday. This comes after Fitch Ratings adjusted the outlooks for about a quarter of the country's businesses to "deteriorating," citing ongoing uncertainties.

Disappointing Earnings Reports

Adding to the market's cautious stance, several major corporations reported earnings that fell short of expectations. Among them were Lockheed Martin Corporation, General Motors Company (GM), Philip Morris International Inc., and RTX Corporation.

Indexes and Currency Movements

The Dow Jones Industrial Average, the Nasdaq 100, and the S&P 500 all opened flat. Meanwhile, the euro remained steady against the dollar, trading at $1.16887 at 9:29 am ET.