Markets Right Now: Stocks open slightly lower on Wall Street

AP News
Posted: Dec 22, 2017 9:42 AM

The latest on developments in financial markets (All times local):

9:35 a.m.

Stocks are opening slightly lower on Wall Street as technology and consumer-focused companies took losses.

Chipmaker Nvidia fell 1.5 percent in early trading Friday. Nike dropped 4.3 percent after reporting disappointing results in its North American business.

The Standard & Poor's 500 index slipped 1 point, or 0.1 percent, to 2,682.

The Dow Jones industrial average fell 19 points, or 0.1 percent, to 24,764. The Nasdaq composite lost 19 points, or 0.3 percent, to 6,946.

Bond prices didn't move much. The yield on the 10-year Treasury note held steady at 2.48 percent.

Bitcoin futures fell sharply following a steep drop in the price of bitcoin in Asia.