US stocks open slightly lower after sharp two-day surge

US stocks open slightly lower after sharp two-day surge

By The Associated Press | Posted - Aug. 28, 2015 at 7:41 a.m.


1 photo

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — U.S. stocks are opening slightly lower after a sharp two-day surge, as the stock market closes out a wild week.

Stocks fell heavily in the first two days of trading on concerns about the health of China's economy. The market then rebounded over the next two days.

The Dow Jones industrial average fell 53 points, or 0.3 percent, to 16,602 as of 9:36 a.m. Eastern time Friday.

The Standard & Poor's 500 index dropped five points, or 0.2 percent, to 1,984. The Nasdaq composite fell 11 points, or 0.2 percent, to 4,801.

Bonds rose, pushing down the yield on the benchmark 10-year Treasury note to 2.14 percent from 2.18 percent on Thursday.

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 This material may not be published, broadcast, rewritten or redistributed.

Photos

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast