US stock market slips in early trading following best day in 5 weeks

Published May 03, 2016

People walk by an electronic stock board of a securities firm in Tokyo, Friday, March 13, 2015. Asian stock markets mostly rose Friday after weak U.S. retail sales alleviated jitters about the Federal Reserve's timetable for raising interest rates. Japan's Nikkei 225 rose 1.4 percent to 19,254.25. (AP Photo/Koji Sasahara) (The Associated Press)

U.S. stocks are opening slightly lower a day after the market notched its best performance in five weeks.

The Dow Jones industrial average fell 83 points, or 0.5 percent, to 17,812 as of 9:33 am. Eastern time Friday.

The Standard & Poor's 500 index fell seven points, or 0.4 percent, to 2,058. The Nasdaq composite fell 11 points, or 0.2 percent, to 4,882.

All 10 industry groups in the S&P 500 index fell. Stocks of utility companies declined the most.

Bonds barely moved. The yield on the 10-year Treasury note stood at 2.12 percent, the same as late Thursday.

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