Markets Right Now: US Stocks Open Slightly Lower

By Associated Press

The latest on developments in financial markets (all times local):

9:35 a.m.

Stocks are opening slightly lower on Wall Street following four straight gains in the benchmark S&P 500 index.

Energy companies fell along with the price of crude oil in early trading Wednesday. Marathon Oil gave up 1.2 percent.

Investors were still focused on quarterly earnings reports. Snapchat parent company Snap was down 4.1 percent after reporting that it lost daily users in the latest quarter.

Pizza delivery company Papa John’s sank 6.3 percent after issuing a weak outlook.

The S&P 500 index slipped 1 point to 2,857.

The Dow Jones Industrial Average fell 5 points to 25,624. The Nasdaq composite fell 4 points to 7,879.

The yield on the 10-year Treasury note was little changed at 2.97 percent.

This article provided by NewsEdge.