U.S. Stocks Open Lower, Weighed Down By Weak Earnings

By Markets MarketWatch Pulse

U.S. stocks opened lower Monday amid a spate of weak earnings reports as investors looked ahead to meetings of the Federal Reserve and Bank of Japan later in the week. The S&P 500 dropped 4 points, or 0.2%, to 2,086, led lower by energy shares as oil prices flirted with declines. The Dow Jones Industrial Average slid 50 points, or 0.3%, to 17,946. The Nasdaq Composite shed 15 points, or 0.3%, to 4,891. KKR & Co. and Xerox Corp. shares tumbled after both companies reported weaker than expected results.

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