Markets Right Now: Stocks open lower on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are opening lower on Wall Street as the market pulls back following a three-day rally.
Health care and consumer products companies dragged the main U.S. indexes lower in early trading Tuesday.
Walgreens Boots Alliance sank 12.8% after slashing its forecast for full-year results and turning in quarterly profits that fell far short of what analysts were expecting. CVS Health gave up 4.3%.
Dow Inc. rose 3.1% in its first day of trading after being spun off from chemical maker DowDuPont.
The S&P 500 index fell 3 points, or 0.1%, to 2,864.
The Dow Jones Industrial Average lost 84 points, or 0.3%, to 26,173. The Nasdaq fell 4 points, or 0.1%, to 7,823.
Bond prices rose. The yield on the benchmark 10-year Treasury note fell to 2.48%.