NEW YORK (AP) -- The latest on developments in global financial markets (all times local):
Stocks are opening modestly lower on Wall Street, led by declines in energy companies and banks.
Oil rig operator Transocean slumped 2.3 percent in early trading Monday, one of the biggest declines in the Standard & Poor's 500 index. Energy companies fell as the price of oil took another turn lower.
Banks and other financial companies were also taking losses. MetLife fell 1.8 percent and Prudential Financial also lost 1.8 percent.
Utilities and phone companies bucked the downward trend and moved higher.
The Dow Jones industrial average fell 27 points or 0.2 percent, to 18,056.
The S&P 500 index slipped 1 point 2,126. The Nasdaq composite edged up 4 points, or 0.1 percent, to 5,130.