Markets Right Now: Stocks edge lower in early trade

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

9:35 a.m.

Stocks are opening mostly lower on Wall Street as losses in technology companies and retailers offset gains elsewhere in the market.

Apple fell 1.3 per cent and chipmaker Intel lost 2.4 per cent early Wednesday. Amazon slumped 4.1 per cent.

Bank of America and Merck each rose 1 per cent. Facebook, which has been pummeled in recent days over privacy concerns, edged up 0.3 per cent.

The S&P 500 index fell 8 points, or 0.3 per cent, to 2,604.

The Dow Jones industrial average gave up 22 points, or 0.1 per cent, to 23,830. The Nasdaq composite lost 74 points, or 1 per cent, to 6,935.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.75 per cent.