Markets Right Now: Stocks slightly lower as tech shares slip
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are opening slightly lower on Wall Street led by a decline in technology companies.
Cisco fell 6.4% early Thursday. Walmart raised its profit forecast and rose 2.8%.
Traders are looking for clarity on the status of U.S.-China trade talks. Chinese officials said Thursday that a rollback of tariffs should be part of any deal.
Federal Reserve Chairman Jerome Powell makes another appearance before Congress, where he is expected to say the Fed will leave rates unchanged in the coming months, unless the economy shows signs of worsening.
The S&P 500 fell less than 1 point to 3,093.
The Dow Jones Industrial Average fell 3 points to 27,780. The Nasdaq fell 12 points, or 0.1%, to 8,469.
Bond prices rose. The yield on the 10-year Treasury fell to 1.83%.