US stocks open lower as earnings roll in, chipmakers retreat

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US stock indexes opened lower on Tuesday, as corporate reports from bellwethers including 3M, Johnson & Johnson and GE pushed earnings season into high gear, while chip companies retreated after bouncing in the previous session.

The Dow Jones Industrial Average fell 184.84 points, or 0.55%, at the open to 33,444.72. The S&P 500 opened lower by 18.07 points, or 0.45%, at 4,001.74, while the Nasdaq Composite dropped 61.48 points, or 0.54%, to 11,302.93 at the opening bell.

More to come…..

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