US stocks open lower day after a big jump; price of oil falls again after hitting six-year low

NEW YORK, N.Y. – Stock prices are opening lower as the market gives back some of its big gains from the day before.

Weight Watchers sank 5 per cent early Tuesday after Credit Suisse downgraded its rating on the stock, saying the company faces tough competition from free and low-cost weight loss applications.

The price of oil fell again a day after hitting a six-year low.

The Dow Jones industrial average fell 95 points, or 0.5 per cent, to 17,880. The Dow jumped 228 the day before.

The Standard & Poor’s 500 index fell six points, or 0.3 per cent, to 2,074. The Nasdaq composite lost seven points, or 0.2 per cent, to 4,922.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.07 per cent.

News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Associated Press

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.

Related Articles