Markets Right Now: Stocks open lower on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are opening broadly lower on Wall Street, extending the market’s losing streak into a fourth week.
Technology and industrial stocks took some of the biggest losses in early trading Monday. Broadcom lost 1.3% and Ingersoll-Rand gave up 1.2%.
General Motors fell 1.5% after talks aimed at ending a 21-day strike took a turn for the worse.
The S&P 500 fell 9 points, or 0.3%, to 2,942.
The Dow Jones Industrial Average lost 105 points, or 0.4%, to 26,465. The Nasdaq fell 20 points, or 0.3%, to 7,962.
Bond prices fell. The yield on the 10-year Treasury rose to 1.54%.