Stocks open lower after two straight gains
Aug. 20, 2014
NEW YORK (AP) — U.S. stocks are opening lower after two straight days of gains.
The Dow Jones industrial average fell eight points, or 0.1 percent, to 16,911 as of 9:35 a.m. Eastern time Wednesday.
The Standard & Poor's 500 index fell two points, or 0.1 percent, to 1,979. The Nasdaq composite lost seven points, or 0.2 percent, to 4,520.
Lowe's fell 3 percent in early trading after the home improvement company lowered its full-year revenue outlook.
Investors were waiting for the release of minutes later Wednesday of the Federal Reserve's last policy meeting.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.41 percent.