Stocks open mostly lower; Dow turns negative for the year
May. 07, 2015
NEW YORK (AP) — U.S. stocks are opening mostly lower, pushing the Dow Jones industrial average into the red for the year.
The Dow fell 22 points, or 0.1 percent, to 17,819 as of 9:35 a.m. Eastern time Thursday. The index is coming off of two days of losses.
The Standard & Poor's 500 fell three points, or 0.2 percent, to 2,076.
The Nasdaq composite edged up two points, or 0.1 percent, to 4,922.
Whole Foods Market slumped 13 percent and Molson Coors fell 2 percent after their sales fell short of analysts' estimates. Struggling game maker Zynga jumped 4 percent after announcing a restructuring and a revenue gain.
Oil fell 45 cents to $60.49 a barrel in New York.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.20 percent.