Markets Right Now: Stocks start lower as crude oil falls

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

9:35 a.m.

Stocks are falling as energy companies are dragged lower by the continuing plunge in crude oil prices.

U.S. crude fell another 1.9 per cent to $59.51 a barrel Friday. It’s on track to fall for the 10th day in a row and has lost more than 20 per cent since early October.

Chevron fell 1.3 per cent and ConocoPhillips slid 2.6 per cent.

Online reviews company Yelp plunged 29 per cent after disappointing third-quarter revenue.

Walt Disney rose 3 per cent after its profit surpassed analyst estimates thanks to strong studio entertainment revenue.

The S&P 500 index fell 18 points, or 0.7 per cent to 2,787.

The Dow Jones Industrial Average fell 126 points, or 0.5 per cent, to 26,063. The Nasdaq composite lost 88 points, or 1.2 per cent, to 7,442.