Markets Right Now: Stocks open broadly lower on Wall Street
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are opening broadly lower with the biggest losses going to technology companies and banks.
Chipmaker Intel fell 1.2% early Tuesday. Bank of America fell 1.3%.
Traders are keeping a close eye on trade talks between the U.S. and China. China's top economic official will travel to Washington this week ahead of a Friday deadline by which Washington said it would sharply raise tariffs on Chinese goods.
Safe-play sectors like utilities and real estate companies held up better than the rest of the market.
The S&P 500 fell 22 points, or 0.8%, to 2,908.
The Dow Jones Industrial Average lost 212 points, or 0.8%, to 26,228. The Nasdaq fell 66 points, or 0.8%, to 8,057.
Bond prices rose. The yield on the 10 year Treasury fell to 2.47%.