ECONOMY

US stocks open lower as market comes off five record high closes; Smucker down on weak sales

The Wall Street subway stop on Broadway, in New York's Financial District,  Thursday, Oct. 2, 2014. Chinese stocks jumped Wednesday Nov. 12, 2014 after Hong Kong scrapped a daily limit on how much yuan residents can buy as exchanges in both economies prepare for the start of cross border share trading next week.  (AP Photo/Richard Drew)

The Wall Street subway stop on Broadway, in New York's Financial District, Thursday, Oct. 2, 2014. Chinese stocks jumped Wednesday Nov. 12, 2014 after Hong Kong scrapped a daily limit on how much yuan residents can buy as exchanges in both economies prepare for the start of cross border share trading next week. (AP Photo/Richard Drew)  (The Associated Press)

U.S. stock indexes are opening lower as the market comes off five days of record closes.

The Standard & Poor's 500 index was down seven points, or 0.4 percent, at 2,032 as of 9:35 a.m. Eastern time Wednesday.

The Dow Jones industrial average fell 71 points, or 0.4 percent, to 17,544. The Nasdaq composite fell 12 points, or 0.3 percent, to 4,648.

J.M. Smucker sank 4 percent after the company said sales of its Folger coffee brand fell as consumers avoided high prices.

Susquehanna Bancshares jumped 32 percent on news that the commercial bank BB&T would buy the company. BB&T fell 2.3 percent.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.33 percent. Bond trading was closed Tuesday for Veterans Day.