Markets Right Now: Tech, banks lead early losses for stocks

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

9:35 a.m.

Stocks are opening lower on Wall Street, with the largest losses going to technology companies and banks.

Apple was off 1.4 per cent in early trading Wednesday, while JPMorgan Chase was down about 1 per cent.

Target slumped 9 per cent after issuing a weak forecast for the holiday shopping season. Other retailers were also lower.

The Standard & Poor’s 500 index fell 18 points, or 0.7 per cent, to 2,559.

The Dow Jones industrial average lost 158 points, or 0.7 per cent, to 23,247. The Nasdaq composite index fell 64 points, or 1 per cent, to 6,673.