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)
NEW YORK – 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.
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