U.S. Stocks Open Lower As Apple Losses Weigh

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.