U.S. stocks opened lower on Thursday closely tracking declining global equities and commodities. Oil futures continued their slide, falling nearly 3% on top of a 3% slide on Wednesday. St. Louis Fed President James Bullard said it was prudent to raise rates and shrink the Federal Reserve’s balance sheet toward more “normal settings”. The S&P 500 opened 11 points, or 0.5%, lower at 2,063. The Dow Jones Industrial Average dropped 125 points, or 0.7, to 17,576. The Nasdaq Composite began the day down 24 points, or 0.5%, at 5,042.
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