Wall Street Opens Lower on Fears of Subsidy Cuts And Commodity Losses

US stocks opened lower on Thursday on concerns that the Federal Reserve may begin to rein in its massive monetary stimulus program, while commodity-related stocks tumbled as oil and metals prices sank to a multi-month low.

The Dow Jones Industrial Average fell 86.02 points, or 0.25 percent, to 34,874.67 points, the S&500 index fell 17.83 points, or 0.41 percent, to 4,382.44 points, and the Nasdaq Composite Index fell 102.75 points, or 0.71 percent, to 14,423.16 points.