NEW YORK (AA) - The stock market opened lower Tuesday following a decline in oil prices.
The Dow Jones fell 134 points to begin the day at 18,191 and the S&P 500 was down 15 points at 2,144. The Nasdaq decreased 27 points to start the day at 5,183.
At the first bell, American benchmark West Texas Intermediate was down 1.5 percent to $45.38 per barrel. International benchmark Brent crude traded at $47.63 a barrel -- a 1.1 percent decline.
The global oil market will closely watch the U.S.’s weekly crude oil and gasoline inventories due to be announced Wednesday after the stock market opening.
On Monday, Wall Street closed with gains after investors perceived that it was less likely for the Federal Reserve to raise the interest rate this month.