News

US stock indexes edge lower in early trading following a plunge overnight in Japan

U.S. stocks are mostly lower in early trading following a sharp drop in Japan overnight.

U.S. markets are coming off their latest record high.

The Standard & Poor’s 500 index edged down two points, or 0.1 per cent, to 2,037 as of 9:35 a.m. Eastern time Monday.

The Dow Jones industrial average slipped 15 points, or 0.1 per cent, to 17,618.

The Nasdaq composite fell five points, or 0.1 per cent, to 4,683.

In Japan, the benchmark Nikkei stock index sank 3 per cent following news that the country unexpectedly slid into recession in the third quarter of the year.

The price of oil fell 96 cents to $74.94 a barrel in New York.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.31 per cent.