U.S. stocks opened lower on Wednesday as investors digested a batch of earnings including results from Morgan Stanley
MS,
and International Business Machines Corp.
IBM,
The S&P 500
SPX,
fell by 19 points, or 0.5%, to 4,135. The Nasdaq Composite
COMP,
declined by 90 points, or 0.8%, to 12,061. The Dow Jones Industrial Average
DJIA,
fell by by 30 points, or 0.1%, to 33,941.