Stocks open lower as worries over weak China trade data loom

AP News
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Posted: Oct 13, 2015 9:44 AM
Stocks open lower as worries over weak China trade data loom

NEW YORK (AP) — Stocks are opening slightly lower, breaking a winning streak, as traders worried about weak Chinese trade figures.

Transportation company Ryder sank 7 percent Tuesday after the company cut its earnings forecast.

SABMiller jumped 10 percent in London after the beer maker agreed to a sweetened takeover offer from Anheuser Busch InBev, which makes Budweiser, Corona and Stella Artois.

The Dow Jones industrial average lost 71 points, or 0.4 percent, to 17,060.

The Standard & Poor's 500 index fell seven points, or 0.4 percent, to 2,009. The Nasdaq composite gave up 20 points, or 0.4 percent, to 4,818.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.06 percent.