Business / International News / Technology / U.S. News

Stocks open lower as worries over weak China trade data loom

The symbol for ABInBev appears at the post where it trades, on the floor of the New York Stock Exchange, Tuesday, Oct. 13, 2015.  The world's top two beer makers agreed Tuesday to join forces to create a company that would control nearly a third of the global market and bring together top U.S. brands Budweiser and Miller Genuine Draft.  (AP Photo/Richard Drew)

The symbol for ABInBev appears at the post where it trades, on the floor of the New York Stock Exchange, Tuesday, Oct. 13, 2015. The world’s top two beer makers agreed Tuesday to join forces to create a company that would control nearly a third of the global market and bring together top U.S. brands Budweiser and Miller Genuine Draft. (AP Photo/Richard Drew)

NEW YORK (AP) — Stocks are opening slightly lower, breaking a winning streak, as traders worried about weak Chinese trade figures.

Transportation company Ryder sank 7 percent Tuesday after the company cut its earnings forecast.

SABMiller jumped 10 percent in London after the beer maker agreed to a sweetened takeover offer from Anheuser Busch InBev, which makes Budweiser, Corona and Stella Artois.

The Dow Jones industrial average lost 71 points, or 0.4 percent, to 17,060.

The Standard & Poor’s 500 index fell seven points, or 0.4 percent, to 2,009. The Nasdaq composite gave up 20 points, or 0.4 percent, to 4,818.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.06 percent.

 

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