New York stocks opened mixed on the 29th local time.

Trading floor at the New York Stock Exchange in the United States. /Courtesy of Yonhap News

As of 10:34 a.m. on the 29th local time, the Dow Jones Industrial Average on the New York Stock Exchange (NYSE), which focuses on blue chips, was down 195.73 points, or 0.40%, at 48,946.20 from the previous session.

The Standard & Poor's (S&P) 500 index, centered on large-cap stocks, was up 2.91 points, or 0.04%, at 7,141.71 from the previous session, and the tech-heavy Nasdaq composite was up 35.44 points, or 0.14%, at 24,699.24.

Reuters said investors are taking a cautious stance ahead of major big tech companies' earnings releases and Chair Jerome Powell's final Federal Open Market Committee (FOMC) meeting before retirement.

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