Markets Right Now: Stocks start lower on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are off to a slightly lower start on Wall Street as communications and energy companies fall.
Google’s parent company Alphabet dropped 2.1% in early trading Tuesday after reporting earnings late Monday that fell short of forecasts.
Energy companies were also falling along with the price of crude oil. Marathon Oil gave up 1.7%.
General Motors jumped 5.2% after managing to beat analysts’ profit forecasts even as it had to lower its outlook for the year because of a recently ended strike.
The S&P 500 fell 3 points, or 0.1%, to 3,036.
The Dow Jones Industrial Average lost 18 points, or 0.1%, to 27,074. The Nasdaq fell 11 points, or 0.1%, to 8,314.
Bond prices rose. The yield on the 10-year Treasury fell to 1.83%.