Stocks open mostly lower on Wall Street; Wells Fargo sinks
NEW YORK (AP) — Stocks are off to a mostly lower start on Wall Street as losses for some banks and health care companies offset gains elsewhere in the market. Wells Fargo slumped in early trading Tuesday after reporting a sharp drop in profit in its latest quarter. Other banks including JPMorgan Chase rose. Delta Air Lines rose after reporting higher earnings. The S&P 500 fell 4 points, or 0.1%, to 3,284. The Dow Jones Industrial Average edged up 20 points, or 0.1%, to 28,926. The Nasdaq fell 11 points, or 1%, to 9,262. Bond prices rose. The yield on the 10-year Treasury slipped to 1.83%.
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