US stocks open slightly lower as earnings disappoint

AP News
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Posted: Nov 03, 2015 9:42 AM
US stocks open slightly lower as earnings disappoint

NEW YORK (AP) — Stock indexes are edging lower in early trading as several companies turn in disappointing quarterly results.

American International Group fell 4 percent and Archer-Daniels-Midland slumped 8 percent early Tuesday after reporting profits that fell short of investors' forecasts.

"Candy Crush" maker King Digital soared 14 percent after the company agreed to be acquired by Activision Blizzard.

The Dow Jones industrial average slipped 21 points, or 0.1 percent, to 17,807 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index gave up four points, or 0.2 percent, to 2,099.

The Nasdaq composite declined eight points, or 0.2 percent, to 5,119.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.20 percent.