Markets Right Now: US stocks open lower


NEW YORK (AP) — The latest on developments in global financial markets (all times local):

12:00 p.m.

Stocks are trading lower as investors work through another batch of technology earnings, including results from Facebook.

Energy prices edged slightly lower and bond yields inched upwards.

The Labor Department said applications for unemployment benefits rose slightly last week. Oracle agreed to buy cloud computing business NetSuite for about $8.8 billion.

Facebook shares rose as its profit more than doubled.

Telecom shares fell the most. Verizon and AT&T each slipped about 1 percent. Oil continued its recent multi-day slide.

The Dow Jones industrial average fell 72 points, or 0.4 percent, to 18,400.

The Standard & Poor’s 500 index slid 3 points, or 0.1 percent, to 2,164. The Nasdaq composite was unchanged at 5,141.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.51 percent.

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9:45 a.m.

Stocks are opening down as energy prices edged slightly lower and bond yields inched upwards.

The Labor Department said applications for unemployment benefits rose slightly last week. Oracle agreed to buy cloud computing business NetSuite for about $8.8 billion.

Materials companies and banks fell the most. Oil continued its recent multi-day slide.

The Dow Jones industrial average fell 65 points, or 0.4 percent, to 18,407.

The Standard & Poor’s 500 index slid 6 points, or 0.3 percent, to 2,160. The Nasdaq composite dropped 9 points, or 0.2 percent, to 5,131.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.53 percent.

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