The Dow Jones opened down 0.1%, the S&P 500 fell 0.02%, and the Nasdaq rose 0.03%.

General Motors fell 1.9%, with Q2 net profit attributable to shareholders down 35.4% year-on-year. Coca-Cola dropped 1.4%, exceeding expectations in Q2 performance. Replimune plummeted 78.1% as the FDA refused to approve its skin cancer drug. Oscar Health fell 3.9%, with the company raising its revenue forecast for the fiscal year.