Stocks open lower in US after some weaker company results

AP News
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Posted: Jul 30, 2015 9:40 AM
Stocks open lower in US after some weaker company results

NEW YORK (AP) — Stocks are opening lower as investors respond to some disappointing results from U.S. companies.

Procter & Gamble slid almost 3 percent in early trading Thursday after reporting that its sales fell for the sixth straight quarter.

Facebook declined 2 percent after reporting late Wednesday that its expenses soared 82 percent, cutting into earnings.

The Dow Jones industrial average lost 47 points, or 0.3 percent, to 17,704 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index gave up seven points, or 0.4 percent, to 2,101. The Nasdaq composite fell 22 points, or 0.4 percent, to 5,089.

The yield on the 10-year Treasury note held steady at 2.29 percent.