Stocks slip on Japan fiscal stimulus approval, yen rallies

By Saqib Iqbal Ahmed
NEW YORK (Reuters) – Wall Street stocks opened lower on Tuesday after weak U.S. economic data disappointed investors, further dragging on global equity prices after the approval of a fiscal stimulus package by Japan’s cabinet failed to cheer markets.
Oil rebounded strongly after having fallen as much as 10 percent in one week, but concerns about oversupply lingered.
Japanese Prime Minister Shinzo Abe’s cabinet approved 13.5 trillion yen (£100.49 billi