Markets Right Now: US stocks open slightly lower

AP News
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Posted: Nov 13, 2017 9:40 AM

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

9:35 a.m.

Stocks are opening slightly lower on Wall Street, led by declines in technology and industrial companies.

General Electric sank 2.6 percent in early trading Monday after issuing a weak forecast for next year and cutting its dividend in half.

Advanced Micro Devices and Adobe each lost about 1 percent.

Toymaker Mattel soared 19 percent following a report that Hasbro made an offer to buy the company.

The Standard & Poor's 500 index fell 7 points, or 0.4 percent, to 2,575.

The Dow Jones industrial average declined 66 points, or 0.2 percent, to 23,355. The Nasdaq composite index slipped 26 points, or 0.4 percent, to 6,724.