News

Markets Right Now: US stocks open lower, extending losses

NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):

9:35 a.m.

Stocks are opening lower as the market’s losses continue for the sixth day in a row.

Energy companies are skidding Thursday as the price of oil continues to fall. Marathon Oil and Halliburton both lost about 2 per cent.

Envision Healthcare fell 5 per cent and AmSurg rose 3 per cent after the companies agreed to combine in an all-stock deal.

Macy’s rose 2 per cent after it reached a tentative deal with workers at its New York store, avoiding a strike.

The Dow Jones industrial average lost 112 points, or 0.6 per cent, to 17,528. The Standard & Poor’s 500 index fell 13 points, or 0.6 per cent, to 2,058. The Nasdaq composite shed 34 points, or 0.7 per cent, to 4,800.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.54 per cent.