Business

Wall Street opens lower as Apple drags

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 9, 2018. REUTERS/Andrew Kelly

U.S. stocks opened lower on Monday, as a slide in Apple Inc (AAPL.O) after weak forecasts from two of its suppliers and losses in tobacco companies offset early gains from a rebound in oil prices.

The Dow Jones Industrial Average .DJI fell 29.97 points, or 0.12 percent, at the open to 25,959.33. The S&P 500 .SPX opened lower by 7.08 points, or 0.25 percent, at 2,773.93. The Nasdaq Composite .IXIC dropped 42.86 points, or 0.58 percent, to 7,364.05 at the opening bell.

Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta

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