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U.S. stocks opened lower Wednesday as investors weigh another batch of company earnings. The Dow Jones Industrial Average DJIA was down 0.4% soon after the opening bell, while the S&P 500 SPX fell 0.5% and the Nasdaq Composite COMP dropped 0.7%, according to FactSet data, at last check. On Wednesday, Morgan Stanley MS reported first-quarter earnings that beat estimates, while Ally Financial Inc. ALLY missed its first-quarter adjusted earnings target.
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