Stock Market News Today: Markets open in the red on worries over high oil prices (SP500)

News Snapshot:

U.S. stocks on Wednesday opened lower, on extended worries over elevated oil prices from the previous session. Weak economic data out of Germany also weighed on sentiment. Minutes after the opening bell, the tech-heavy Nasdaq Composite (COMP.IND) was down 0.34% to 13,973.24 points. The benchmark S&P 500 (SP500) was lower by 0.39% to 4,479.14 points, while the blue-chip Dow (DJI) slipped 0.31% to 34,533.34 points. All 11 S&P sectors were in negative territory, with the exception of Energy. WTI crude oil futures (CL1:COM) hit a 10-month high on Tuesday while brent futures (CO1:COM) rose above a key level at $90/bbl,...