A weak open for US stocks following latest record highs
May 19, 2015, 7:06 AM
NEW YORK (AP) — U.S. stocks are edging mostly lower in early trading as the market comes off its latest record high.
Energy stocks fell the most early Tuesday as the price of oil declined.
The Dow Jones industrial average shed 22 points, or 0.1 percent, to 18,277 as of 9:35 a.m. Eastern time Tuesday.
The Standard & Poor’s 500 lost two points, or 0.1 percent, to 2,126. The Nasdaq composite fell a point to 5,075.
Urban Outfitters plunged 14 percent after reporting weaker-than-expected results and higher expenses.
Take-Two Interactive, which makes the “Grand Theft Auto” video games, surged 11 percent after reporting earnings that were sharply higher than analysts were expecting.
Homebuilder stocks rose following a report that home construction rose in April to the fastest pace in more than seven years.
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