Markets Right Now: Tech, internet stocks lead early declines
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are opening moderately lower on Wall Street, led by declines in technology and internet companies.
Apple fell 3.7 percent in early trading Monday and Google’s parent company Alphabet gave up 1.5 percent.
Athenahealth jumped 9.6 percent after the struggling medical billing software maker received a $5.7 billion cash buyout offer.
The S&P 500 index fell 16 points, or 0.6 percent to 2,764.
The Dow Jones Industrial Average fell 113 points, or 0.5 percent, to 25,870. The Nasdaq composite lost 87 points, or 1.2 percent, to 7,319.
Bond prices rose. The yield on the 10-year Treasury note fell to 3.18 percent.