Markets Right Now: Stocks fall in early trading
NEW YORK (AP) — The latest on developments in financial markets (All times local):
Technology companies and retailers are leading U.S. stocks lower in early trading on Wall Street.
Lowe’s sank 5 percent early Wednesday after reporting second-quarter earnings that were weaker than analysts expected. Seagate Technology fell 4.4 percent.
La-Z-Boy dropped 18 percent after its earnings missed estimates. The company said its most profitable business, upholstery manufacturing, struggled and costs were high because of acquisitions.
The Standard & Poor’s 500 index fell 8 points, or 0.3 percent, to 2,444.
The Dow Jones industrial average lost 68 points, or 0.3 percent, to 21,829. The Nasdaq composite fell 21 points, or 0.3 percent, to 6,275.