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US stocks open mostly lower as price of oil falls; Yahoo gains on reports of deal talks

NEW YORK, N.Y. – Stocks are opening mostly lower, led by declines in energy stocks as the price of oil fell.

Exxon Mobil was down in early trading Wednesday.

Technology stocks were bucking the downward trend. Yahoo’s stock was sharply higher following reports that the company was thinking of selling its Internet businesses.

The Dow Jones industrial average slipped 10 points, less than 0.1 per cent, to 17,882.

The Standard & Poor’s 500 index fell a point to 2,101. The Nasdaq composite gained seven points, or 0.1 per cent, to 5,163.

The price of oil fell 2 per cent to $41 a barrel in New York.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.17 per cent.