US stocks open lower, led by retailers

AP News
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Posted: Feb 04, 2016 9:46 AM
US stocks open lower, led by retailers

NEW YORK (AP) — U.S. stocks opened slightly lower as retail companies slipped.

Energy stocks climbed early Thursday as the price of crude oil recovered. Murphy oil climbed 4 percent.

GoPro tumbled 13 percent after the maker of wearable cameras issued disappointing results.

The Dow Jones industrial average slipped 27 points, or 0.2 percent, to 16,312 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index lost six points, or 0.4 percent, to 1,905. The Nasdaq composite gave up 23 points, or 0.5 percent, to 4,479.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.87 percent.