U.S. stocks opened lower on Tuesday, with energy shares leading the decline after a report from the Organization of the Petroleum Exporting Countries showed production out of Saudi Arabia rose, which could lead to a price-depressing level of oversupply. The Dow Jones Industrial Average fell 0.3%, or 45 points, to 20,837. The S&P 500 lost 8 points, or 0.3%, to 2,366. The Nasdaq Composite Index slid 19 points, or 0.3%, to 5,857. Among major energy names, Exxon Mobil lose 0.4% while Chevron Corp. sank 1.2%. Trading may be unusually light as a massive winter storm across the Northeast could keep many traders away from their desks. Investors were also holding back from making big bets with major indexes near records and the Federal Reserve set to start a two-day meeting that is widely expected to result in higher interest rates.
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