By Liz Moyer

Investing.com — U.S. stocks opened lower and oil prices rebounded as investors worried about slowing global growth and looked ahead to earnings from Microsoft and Alphabet (NASDAQ:).

The index fell 0.8% or 280 points at 9:45 ET. Meanwhile, the dropped 0.9% and fell 1.5%, respectively.

Twitter Inc (NYSE:) stock fell 1.7% in early trading a day after the social media company accepted Elon Musk’s $44 billion take-private offer, though analysts and investors were still trying to work out the longer-term implications of his ownership on the platform.

Microsoft Corporation (NASDAQ;) and Alphabet Inc C (NASDAQ :), both reporting after the closing bell tonight kick off a week with big tech earnings. Twitter reports later, as well as Meta Platforms Inc(NASDAQ:), Apple Inc. (NASDAQ 🙂 and Amazon.com Inc.

One-third of the S&P 500 stocks will report results this week.

In economic news, rose 0.8% last month, falling slightly below the expectation for 1% growth but a rebound from February’s decline of 1.7%.

Oil made a rebound on Monday after soaring to the bottom. An outbreak of Covid-19 in China’s capital of Beijing spooked traders yesterday on fears of more lockdowns. These fears are still valid, however, oil prices rose Tuesday with a 1.3% increase to $99.86 and crude at $103.84. Oil rose 1.8% to $1911/oz.