U.S. stocks opened lower on Wednesday, as a fresh drop in oil prices weighed on the main benchmarks after Tuesday’s strong rally. A report on private-sector hiring that was stronger than economists had expected did not give the market a substantial boost. The S&P 500 lost 4 points, or 0.2%, to 1,974. The Dow Jones Industrial Average fell 53 points, or 0.3%, to 16,812. Meanwhile, the Nasdaq Composite began the day down 8 points, or 0.2%, to 4,680.
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