The Nasdaq composite opened higher but turned negative shortly, dragged down by Baidu’s 14.6 percent slump after China’s biggest Internet search company’s quarterly profit missed estimates. The U.S. Federal Reserve begins its two-day policy meeting on Tuesday. At 9:52 a.m. ET, the Dow Jones industrial average was up 35.88 points, or 0.21 percent, at 17,476.47, the S&P 500 was up 5.09 points, or 0.25 percent, at 2,072.73 and the Nasdaq Composite was down 6.65 points, or 0.13 percent, at 5,033.13.
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