Business

US stocks open lower, dragged down by energy prices

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NEW YORK (AP) — Stocks are slipping in early trading on Wall Street as energy and mining companies slide along with the prices of oil and other commodities.

Offshore driller Transocean sank 6 percent early Tuesday and mining company Freeport-McMoRan also fell 6 percent.

Solar power company SunEdison plunged 37 percent after the Wall Street Journal reported regulators are investigating how much cash the company said it had on hand last year as its stock price was collapsing.

The Dow Jones industrial average lost 95 points, or 0.5 percent, to 17,441.

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Standard & Poor’s 500 index gave up eight points, or 0.4 percent, to 2,029. The Nasdaq composite slipped 15 points, or 0.3 percent, to 4,750.

Bond prices rose. The yield on the 10-year Treasury note fell to 1.86 percent.