U.S. stocks opened weaker on Wednesday as investors awaited several major economic data this week that could provide more clarity as to whether the economy is ready for a Federal Reserve interest-rate hike. Monthly auto sales data from big car makers are also suggesting consumer appetite may not be so robust with Ford Motor Co. reporting total vehicle sales dropped 5.9% in May. The S&P 500 fell 7 points, or 0.4%, to 2,089 and the Dow Jones Industrial Average shed 75 points, or 0.4%, to 17,712 at the open. The Nasdaq Composite slid 19 points, or 0.4%, at 4,928.
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