U.S. Stocks Open Lower As Apple Losses Weigh

By Anora MahmudovaMarketWatch Pulse

U.S. stocks opened lower on Wednesday, weighed down by losses in Apple shares following disappointing results. The iPhone maker's shares tumbled 5.4%, shaving off about 5 points off the S&P 500, while the 1.8% drop in the technology sector is mostly attributed to the decline in the stock. The S&P 500 opened 7 points, or 0.3%, lower at 2,112. The Nasdaq Composite dropped 49 points, or 1%, to 5,158. The Dow Jones Industrial Average began the day down 46 points, or 0.3%, to 17,870.

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