Wall Street opens lower as Apple drags

U.S. stocks opened lower on Monday, as a slide in Apple Inc after weak forecasts from two of its suppliers and losses in tobacco companies offset early gains from a rebound in oil prices.

The Dow Jones Industrial Average fell 29.97 points, or 0.12 percent, at the open to 25,959.33. The S&P 500 opened lower by 7.08 points, or 0.25 percent, at 2,773.93. The Nasdaq Composite dropped 42.86 points, or 0.58 percent, to 7,364.05 at the opening bell.

(Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)