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Markets Right Now: Stocks edge below record high levels

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

11:45 a.m.

Stocks edged back from their record high levels as investors ponder what will come of the latest truce in the U.S.-China trade war.

Trading was quiet Tuesday ahead of a half day of trading in the U.S. Wednesday and a day off Thursday for Independence Day.

Energy stocks fell more than the rest of the market as the price of crude oil dropped more than 3%. Chevron lost 1.6%

Safe-play sectors like real estate and utilities rose.

The S&P 500 index was flat at 2,963.

The Dow Jones Industrial Average fell 16 points, or 0.1%, to 26,699. The Nasdaq fell 16 points, or 0.2%, to 8,074.

Small-company stocks fell more than the rest of the market.

Bond prices rose. The yield on the 10 year Treasury fell to 1.99%.

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9:35 a.m.

Stocks are opening slightly lower on Wall Street a day after optimism over trade sent the S&P 500 to a record high close.

Technology and health care led the way lower in the early going Tuesday. Automatic Data Processing lost 3.7% and Humana lost 1.4%

Safe-play sectors like real estate and utilities did better than the rest of the market.

Trading was muted ahead of the July 4th holiday on Thursday.

The S&P 500 index was little changed at 2,964.

The Dow Jones Industrial Average fell 16 points, or 0.1%, to 26,699. The Nasdaq fell 2 points, less than 0.1%, to 8,088.

Small-company stocks fell more than the rest of the market.

Bond prices rose. The yield on the 10-year Treasury fell to 2.01%.

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