US stocks open lower; Jarden jumps on deal news

AP News
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Posted: Dec 14, 2015 9:44 AM
US stocks open lower; Jarden jumps on deal news

NEW YORK (AP) — U.S. stocks are edging lower in early trading as the market comes off its biggest weekly decline since the summer.

Oil prices fell again, pulling energy stocks lower. Chevron fell 1 percent.

In deal news, Jarden gained 3 percent after the company agreed to be acquired by fellow consumer products maker Newell Rubbermaid. Newell sank 7 percent.

The Dow Jones industrial average fell 19 points, or 0.1 percent, to 17,246 in the first few minutes of trading.

The Standard & Poor's 500 was little changed at 2,012. The Nasdaq composite was down a fraction at 4,932.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.18 percent.