Stocks open lower, dragged down by energy and technology

Wall Street

NEW YORK (AP) — 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 six 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. provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Users who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

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