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Stocks tumbled at the open Wednesday as investors focus on upcoming rate hikes ahead of the release of minutes from the last Federal Reserve meeting.

ExxonMobil reported Friday second-quarter earnings plunged by more than 50 percent following the big drop in crude oil prices. ExxonMobil posted earnings of $1 per share on $74.1 million.

U.S. stocks fluctuated, as disappointing results from Exxon Mobil Corp. and Chevron Corp. offset speculation that slow wage growth will temper Federal Reserve plans for higher interest rates.

Upstream: Chevron’s total production of crude oil and natural gas edged up 2% from the year-earlier level to 2,596 thousand oil-equivalent barrels per day (MBOE/d). But the top line came above the Zacks Consensus Estimate of $66.4 billion. In the same quarter last year, the...

The Dow Jones industrial average was up 47 points, or 0.3 percent, at 18,097 as of 9:54 a.m. ET.