Markets Right Now: US stocks open slightly lower

AP News
|
Posted: Jun 17, 2016 9:41 AM

NEW YORK (AP) — The latest on developments in global financial markets (all times local):

9:35 a.m.

Stocks are opening slightly lower on Wall Street, with the biggest losses coming in technology and health care companies.

Apple fell 1.6 percent and drugmaker Merck lost 1.3 percent shortly after the opening bell on Friday.

The price of oil turned higher, helping lift energy stocks. U.S. crude gained 2 percent to $47 a barrel in New York.

The Dow Jones industrial average gave up 46 points, or 0.3 percent, to 17,698. The Standard & Poor's 500 index fell 6 points, or 0.3 percent, to 2,071. The Nasdaq composite dropped 27 points, or 0.6 percent, to 4,817.

Bond prices fell slightly. The yield on the 10-year Treasury note rose to 1.59 percent.