US: Stocks fall after IBM weakness, ahead of ECB meeting

[NEW YORK] US stocks opened lower on Wednesday after a disappointing outlook from IBM and as investors reduced their exposure ahead of an upcoming European Central Bank (ECB) meeting that could result in new stimulus.

The Dow Jones industrial average fell 60.91 points, or 0.35 per cent, to 17,454.32, the S&P 500 lost 4.63 points, or 0.23 per cent, to 2,017.92 and the Nasdaq Composite dropped 12.58 points, or 0.27 per cent, to 4,642.26.

REUTERS