US stocks edge lower in early trading; Netflix soars

AP News
Posted: Apr 16, 2015 9:40 AM

NEW YORK (AP) — U.S. stocks are opening slightly lower as more companies report earnings.

Netflix soared 13 percent after reporting a big gain in subscribers. Citigroup rose 1 percent after reporting earnings that easily beat analysts' forecasts as its legal costs fell.

The Dow Jones industrial average fell 20 points, or 0.1 percent, to 18,077 as of 9:35 a.m. Thursday.

The Standard & Poor's 500 index lost three points, or 0.2 percent, to 2,102. The Nasdaq composite fell a point to 5,008.

European markets declined as worries mounted over Greece's future in the euro currency union. Germany's DAX lost 1.4 percent.

Enough's Enough
Walter E. Williams

The price of U.S. crude oil fell $1.04 to $55.35 a barrel in New York.

Bond prices rose slightly. The yield on the 10-year Treasury note fell to 1.88 percent.