NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):
Stocks are opening slightly lower on Wall Street after several companies released disappointing results or forecasts.
Verizon lost 3 per cent in early trading Thursday after reporting weak revenue and subscriber growth. EBay slumped 10 per cent after releasing weak forecasts.
The Dow Jones industrial average fell 36 points, or 0.2 per cent, to 18,165.
The Standard & Poor’s 500 index lost 6 points, or 0.3 per cent, to 2,137. The Nasdaq composite declined 20 points, or 0.4 per cent, to 5,226.
Bond prices rose. The yield on the 10-year Treasury note fell to 1.73 per cent.