NEW YORK (AP) — The latest on developments in financial markets (all times local):
9:35 a.m.
Stocks are opening mostly lower on Wall Street as banks and industrial companies decline, pulling the S&P 500 slightly below the record high it set a day earlier.
Technology and communications companies were bucking the trend and moving higher in early trading on Thursday.
Facebook jumped 4.6% after reporting a surge in earnings and steady growth in its user base.
Apple rose 1.6% after its earnings beat analysts' estimates, despite reporting a drop in revenue from iPhone sales.
The S&P 500 fell 2 points, or 0.1%, to 3,044.
The Dow Jones Industrial Average fell 40 points, or 0.1%, to 27,145. The Nasdaq rose 13 points, or 0.2%, to 8,319.
Bond prices rose. The yield on the 10-year Treasury fell to 1.74%.
