U.S. Stocks Open Lower After OPEC Makes No Change To Crude Output

By Anora MahmudovaMarketsMarketWatch Pulse

U.S. stocks opened lower Thursday, weighed down by falling oil prices and as data on private-sector hiring pointed to continued strength in the labor market, increasing the likelihood of a rate increase this summer. Investors were closely watching a meeting of the Organization of the Petroleum Exporting Countries and European Central Bank President Mario Draghi's news conference. A retreat in oil prices weighed on energy shares. The S&P 500 index fell 6 points, or 0.2%, to 2,093, The Dow Jones Industrial Average fell 60 points, or 0.4%, to 17,727, while the Nasdaq Composite began the day down 14 points, or 0.3%, to 4,938.

Copyright © 2016 MarketWatch, Inc.

Continue Reading Below