Stocks open mostly lower; UnitedHealth, Best Buy tumble
Posted November 19, 2015 6:00 am
Stocks are opening mostly lower as traders were disappointed with several corporate earnings and outlooks.
UnitedHealth Group sank 6 percent early Thursday after the nation's largest health insurer cut its full-year earnings forecast.
Best Buy dropped 8 percent after the big electronics retailer reported weak quarterly sales and a cautious outlook for the holiday shopping season.
The market is coming off its biggest gain in four weeks.
The Dow Jones industrial average gained was down 32 points, or 0.2 percent, to 17,703.
The Standard & Poor's 500 lost two points, or 0.1 percent, to 2,081. The Nasdaq composite slipped three points to 5,071.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.24 percent.
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