After record week, a quiet open for US stocks

AP News
Posted: Jun 02, 2014 9:51 AM

NEW YORK (AP) — U.S. stock indexes are mixed in early trading as the market comes off its latest record high last week.

The Dow Jones industrial average edged up 22 points, or 0.1 percent, to 16,740 in the first few minutes of trading Monday.

The Standard & Poor's 500 index fell less than a point to 1,922. The Nasdaq composite fell nine points, or 0.2 percent, to 4,232.

Broadcom jumped 10 percent after saying it would seek a buyer for its division that makes chips used in cellular devices.

European markets rose slightly.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.51 percent, up slightly from 2.48 percent late Friday but still near its low for the year.