Stocks are opening lower after disappointing earnings from Oracle and Walgreens.
The Dow Jones industrial average was down 42 points to 12,064 shortly after the opening bell Wednesday. It jumped 337 the day before.
The Standard & Poor’s 500 index was down 4.5 points to 1231.36. The Nasdaq composite fell 34, or 1.3 percent to 2,569
Oracle Corp. fell almost 13 percent, the most in the S&P, after the business software maker said it struggled to close deals. The results seemed to reinforce worries that businesses and the government may cut back technology spending.
European markets gave up early gains. Germany’s DAX was down 0.4 percent.