FILE- In this Aug. 21, 2018, file photo screens above trading posts on the floor of the New York Stock Exchange show the NSE logo. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Sept. 4, 2018. (AP Photo/Richard Drew, File)

Markets Right Now: Tech Stocks Pull US Indexes Lower

September 04, 2018 - 6:51 am

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

9:35 a.m.

U.S. stocks are opening lower as technology companies take losses.

Facebook lost 2.8 percent Monday morning and Microsoft lost 1.7 percent. fell 6.3 percent after the CEO of the Chinese e-commerce company was arrested in Minneapolis on suspicion of criminal sexual conduct. said Richard Liu was released without charges.

Oil prices rose as Tropical Storm Gordon moved through the Gulf of Mexico. Benchmark U.S. crude gained 1.1 percent.

The S&P 500 index lost 7 points, or 0.3 percent, to 2,893.

The Dow Jones Industrial Average fell 93 points, or 0.4 percent, to 25,871. The Nasdaq composite sank 31 points, or 0.4 percent, to 8,078.

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