Wall Street Opens Lower On Debt Limit Concern

Stocks opened lower on Tuesday (January 15) as investors fretted over the debate brewing in Washington over raising the U.S. borrowing limit as well as what is expected to be a lackluster earnings season.

The Dow Jones industrial average dropped 54.83 points, or 0.41 percent, to 13,452.49. The Standard & Poor's 500 Index lost 5.26 points, or 0.36 percent, to 1,465.42. The Nasdaq Composite Index fell 15.85 points, or 0.51 percent, to 3,101.68.