Stocks open lower, pulling S&P 500 back from high

AP News
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Posted: Sep 08, 2014 9:36 AM

NEW YORK (AP) — U.S. stocks are edging lower in early trading, pulling the market back from a record high close last week.

The Standard & Poor's 500 fell two points, or 0.1 percent, to 2,005 as of 9:34 a.m. Monday. The index closed at an all-time high on Friday.

The Dow Jones industrial average fell 13 points to 17,124. The Nasdaq composite was little changed at 4,583.

Campbell Soup fell 3.3 percent after reporting revenue that fell short of analysts' forecasts.

Hertz jumped 5 percent after the company announced that its CEO had stepped down. In June Hertz said it needed to correct financial statements from the last three years because of accounting errors.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.43 percent.