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Markets Right Now: Stocks open slightly lower on Wall Street

Associated Press Associated Press 17/10/2016

NEW YORK — The latest on developments in global financial markets (all times local):

9:35 a.m.

Stocks are opening slightly lower on Wall Street, led by a decline in health care stocks.

Drugmaker Merck fell 1 percent in early trading Monday, the biggest loss in the Dow Jones industrial average.

Utilities bucked the downward trend and were trading higher. Public Service Enterprise Group added 1.5 percent in early trading.

The Dow fell 24 points, or 0.1 percent, to 18,114.

The Standard & Poor's 500 index lost 3 points, or 0.1 percent, to 2,130. The Nasdaq composite declined 10 point, or 0.2 percent, to 5,203.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.78 percent.

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