News

US stock indexes move lower in early trading as market edges back from record levels

U.S. stocks are opening lower as the market edges further back from record high levels.

Global markets also fell following soft Chinese and European economic data.

The Standard & Poor’s 500 index slid seven points, or 0.3 per cent, to 2,041 as of 9:35 a.m. Eastern time Thursday.

The Dow Jones industrial average fell 68 points, or 0.4 per cent, to 17,618. The Nasdaq composite shed 17 points, or 0.4 per cent, to 4,657.

On Wednesday the market closed lower for the first time this week.

The price of oil rose three cents to $75.05 a barrel in New York.

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