Markets Right Now: Industrials dip as US Stocks open lower

AP News
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Posted: Oct 25, 2017 9:48 AM

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

9:40 a.m.

Stocks are starting the day lower as industrial companies take modest losses.

Media and marketing information company Nielsen fell 5.2 percent Wednesday after its third-quarter report. Railroad operator Norfolk Southern sank 1.5 percent.

Banks rose with interest rates. The yield on the 10-year Treasury note climbed to 2.45 percent.

The Commerce Department said orders for long-lasting manufactured goods rose in September. A figure that tracks business investment grew for the third month in a row.

Chipotle Mexican Grill tumbled 13.7 percent after reporting disappointing third-quarter results.

The Standard & Poor's 500 index lost 2 points, or 0.1 percent, to 2,566.

The Dow Jones industrial average shed 6 points to 23,435. The Nasdaq composite was little changed at 6,597.