Stocks open lower as worries over weak China trade data loom
NEW YORK (AP) — Stocks are opening slightly lower, breaking a winning streak, as traders worried about weak Chinese trade figures.
Transportation company Ryder sank 7 percent Tuesday after the company cut its earnings forecast.
SABMiller jumped 10 percent in London after the beer maker agreed to a sweetened takeover offer from Anheuser Busch InBev, which makes Budweiser, Corona and Stella Artois.
The Dow Jones industrial average lost 71 points, or 0.4 percent, to 17,060.
The Standard & Poor’s 500 index fell seven points, or 0.4 percent, to 2,009. The Nasdaq composite gave up 20 points, or 0.4 percent, to 4,818.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.06 percent.