US stocks open lower, extending a slump; Gap plunges

AP News
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Posted: Nov 10, 2015 9:41 AM
US stocks open lower, extending a slump; Gap plunges

NEW YORK (AP) — Stocks are drifting lower in early trading, extending a slump that has brought the market lower for the past four trading days.

Traders found little to like early Tuesday in the latest corporate news.

Gap plunged 6 percent after the company posted disappointing results for October, and Rockwell Automation fell 4 percent after the company's earnings came in short of what analysts were looking for.

The Dow Jones industrial average was down 19 points, or 0.1 percent, to 17,716 as of 9:35 a.m. Eastern time Tuesday.

The Standard & Poor's 500 index fell a fraction of a point to 2,078. The Nasdaq composite gave up 20 points, or 4 percent, to 5,076.

Bond prices didn't move much. The yield on the 10-year Treasury note held steady at 2.34 percent.