U.S. Retailers and Technology Stocks Open Slightly Lower

U.S. Retailers and Technology Stocks Open Slightly Lower

NEW YORK — Retailers and technology stocks are leading U.S. indexes lower in early trading on Wall Street.

Phone companies and real estate stocks were also down early Thursday. L Brands, the parent company of Victoria’s Secret, slumped 9% after reporting weak sales for June.

Bank stocks bucked the downward trend and rose.

The Standard & Poor’s 500 index fell 10 points, or 0.4%, to 2,422. The Dow Jones industrial average lost 69 points, or 0.3%, to 21,408.

The Nasdaq composite slipped 39 points, or 0.7%, to 6,110.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.37%.

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