NYSE Stocks Open Lower, Dragged Down by Energy, Technology
Stock are opening broadly lower as energy companies take another tumble and after Apple predicted its first sales decline in 13 years.
Crude oil prices sank 1 percent to $31 a barrel in New York Wednesday, pulling big energy companies lower.
Apple dropped 4 percent, weighing on the technology sector.
Boeing delivered a disappointing earnings forecast. That dragged its stock down almost 8 percent.
The Dow Jones industrial average was off 130 points, or 0.8 percent, to 16,045 in early trading.
The Standard & Poor’s 500 index declined 6 points, or 0.3 percent, to 1,898. The Nasdaq composite dropped 19 points, or 0.4 percent, to 4,547.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.03 percent.
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