Wall Street Opens Lower as Earnings Roll In, Chipmakers Retreat

U.S. 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 percent, at the open to 33,444.72. The S&P 500 opened lower by 18.07 points, or 0.45 percent, at 4,001.74, while the Nasdaq Composite dropped 61.48 points, or 0.54 percent, to 11,302.93 at the opening bell.