Markets Right Now: US Stocks Fall in Early Trading – ABC News

This post was originally published on this site

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

9:35 a.m.

U.S. stocks are falling in morning trading. Consumer goods retailers fell the most after Target reported weak sales and gave a forecast that disappointed investors.

Target fell 8 percent early Wednesday. Home improvement retailer Lowe’s rose 3 percent after it reported strong first-quarter results that were aided by a housing boom.

Utility companies sliding as investors wonder if interest rates will rise in June.

Oil prices were little changed. Metals, especially copper, traded lower.

The Dow slipped 78 points, or 0.4 percent, to 17,451. The Standard & Poor’s 500 index fell 7 points, or 0.4 percent, to 2,040. The Nasdaq composite index lost 5 points, or 0.1 percent, to 4,710.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.80 percent.