Markets Right Now: Tech, internet stocks lead early declines

FILE- In this Nov. 7, 2018, file photo trader Timothy Nick, center, works with specialist Michael O'Mara on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, Nov. 12. (AP Photo/Richard Drew, File)

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

9:35 a.m.

Stocks are opening moderately lower on Wall Street, led by declines in technology and internet companies.

Apple fell 3.7 per cent in early trading Monday and Google’s parent company Alphabet gave up 1.5 per cent.

Athenahealth jumped 9.6 per cent after the struggling medical billing software maker received a $5.7 billion cash buyout offer.

The S&P 500 index fell 16 points, or 0.6 per cent to 2,764.

The Dow Jones Industrial Average fell 113 points, or 0.5 per cent, to 25,870. The Nasdaq composite lost 87 points, or 1.2 per cent, to 7,319.

Bond prices rose. The yield on the 10-year Treasury note fell to 3.18 per cent.

The Associated Press