Markets Right Now: Tech, industrials lead US stocks lower

NEW YORK (AP) — The latest on developments in financial markets (all times local):

9:35 a.m.

Stocks are opening broadly lower on Wall Street, extending the markets losses, as technology and industrial companies move lower.

Autodesk plunged 13.6% in early trading Wednesday after the software company slashed its full-year forecasts.

European markets fell and the British pound weakened against other currencies after British Prime Minister Boris Johnson moved to suspend Parliament, which would hamper lawmakers’ efforts to stop a no-deal departure from the European Union.

The S&P 500 fell 11 points, or 0.4%, to 2,857.

The Dow Jones Industrial Average lost 102, or 0.4%, to 25,670. The Nasdaq fell 55, or 0.7%, to 7,770.

Bond prices continued to rise as investors sought safety. The yield on the 10-year Treasury fell to 1.45%.

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