Stocks Opened Lower, Weighed by Facebook

U.S.stocks opened lower on Monday as reports of Facebook’s user data being misused weighed on technology stocks and the broader market. The Dow Jones Industrial Average lately fell 176.53 points, or 0.71%, to 24,769.98. The S&P 500 lost 17.22 points, or 0.63%, to 2,734.79. The Nasdaq Composite dropped 66.37 points, or 0.89%, to 7,415.62.

Oil prices slipped Monday, after Saudi Crown Prince Mohammed bin Salman said the kingdom would develop nuclear weapons if arch-rival Iran did. April West Texas Intermediate crude eased 30 cents, or 0.5%, to $62.04 a barrel. May Brent crude fell 23 cents, or 0.4%, to $65.98 a barrel.

Facebook Inc. shares fell the most in two months Monday as American and European officials demanded answers to reports that a political advertising firm retained information on millions of Facebook users without their consent.