US stocks slip in early trading; banks and tech sector fall

AP News
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Posted: Mar 07, 2016 9:44 AM
US stocks slip in early trading; banks and tech sector fall

NEW YORK (AP) — U.S. stocks are edging lower in early trading as the market comes off a three-week winning streak.

Banks and technology companies had some of the biggest losses in the opening minutes of trading Monday.

Chipmaker Micron Technology sank 5 percent and Citigroup fell 1 percent.

European stocks fell as investors worried about how much more stimulus the European Central Bank will be able to provide at its policy meeting later this week.

The Dow Jones industrial average slipped 31 points, or 0.2 percent, to 16,974.

The Standard & Poor's 500 index lost six points, or 0.3 percent, to 1,993. The Nasdaq composite gave up 16 points, or 0.4 percent, to 4,700.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.90 percent.