US Stocks Mixed in Early Trade
(AP) -- U.S. stock indexes edged mostly lower in early trading Monday, led by a slump in real estate companies. Technology stocks and banks bucked the broader market slide. Bond yields were up following a steep drop at the end of last week. Crude oil prices headed lower.
KEEPING SCORE: The Standard & Poor's 500 index fell less than 1 point to 2,438 as of 10:08 a.m. Eastern Time. The Dow Jones industrial average rose 4 points to 21,211. The Nasdaq composite index slid less than 1 point to 6,305. The market was coming off record highs set late last week.
SEARCH THIS: Shares in Google's parent Alphabet traded over $1,000 per share for the first time. The stock added $9.58, or 1 percent, at $1,005.70.
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UNHEALTHY OUTLOOK: Herbalife slid 5.5 percent after the seller of supplements and weight-loss products lowered its second-quarter revenue and volume projections. The company noted that a switch to new sales tactics is affecting its business in the U.S., and sales in Mexico were weak. The stock fell $4.05 to $69.87.
MARKETS OVERSEAS: Britain's FTSE 100 slipped 0.2 percent as investors focused on the fallout from Saturday's attack in London, which killed seven people. The attack comes ahead of Thursday's general election. France's CAC 40 fell 0.5 percent and the German stock exchange was closed for a holiday.
Qatar's main stock index tumbled about 5 percent after Bahrain, Egypt, Saudi Arabia and the United Arab Emirates announced they would withdraw their diplomatic staff from Qatar over its support for Islamist groups and its relations with Iran. In Asia, Japan's Nikkei 225 ended flat, while Hong Kong's Hang Seng fell 0.2 percent.
ENERGY: Benchmark U.S. crude was down 36 cents, or 0.8 percent, at $47.29 a barrel in New York. Brent crude, used to price international oils, was down 40 cents, or 0.8 percent, at $49.55 a barrel in London.
CURRENCIES: The euro fell to $1.1248 from $1.1276 on Friday. The dollar was flat at 110.50 yen.
TREASURY YIELDS: Bond prices fell. The 10-year Treasury yield rose to 2.17 percent from 2.19 percent late Friday, when it sank to its lowest level of the year.
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