U.S. Stocks Open Lower As Oil, Apple Tumble

U.S. stocks opened lower on Wednesday tracking a renewed rout in oil prices amid a flurry of weaker-than-expected earnings reports. Shares of Apple Inc. and Boeing Inc. tumbled after posting earnings that disappointed. The S&P 500 opened 7 points, or 0.4%, lower at 1,896. The Dow Jones Industrial Average lost 115 points, or 0.7%, to 16,056. Meanwhile, the Nasdaq Composite began the day down 24 points, or 0.5%, at 4,543.