US stocks open slightly lower; Japan's market slumps

AP News
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Posted: Feb 09, 2016 9:44 AM
US stocks open slightly lower; Japan's market slumps

NEW YORK (AP) — Stocks are opening modestly lower in the U.S., led by declines in energy companies and banks.

Several companies were moving on earnings news early Tuesday.

Twenty-First Century Fox slumped 5 percent after reporting revenue that fell short of analysts' estimates, and Goodyear Tire & Rubber jumped 4 percent after its earnings easily beat forecasts.

The Dow Jones industrial average gave up 75 points, or 0.5 percent, to 15,941 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index slipped 10 points, or 0.6 percent, to 1,842. The Nasdaq composite edged down 21 points, or 0.5 percent, to 4,261.

Overseas, Japan's market slumped 5 percent.