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Policy: Economy

Stocks open lower; Lions Gate, Express sink

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Photo - FILE - In this Aug. 9, 2011 file photo, American flags hang behind a Wall Street sign outside the New York Stock Exchange, in New York. World stock markets were mostly weaker Friday, May 30, 2014, after a government report showed the U.S. economy shrank in the first quarter and the U.S. dollar lost value against major Asian currencies. (AP Photo/Mark Lennihan, File)
FILE - In this Aug. 9, 2011 file photo, American flags hang behind a Wall Street sign outside the New York Stock Exchange, in New York. World stock markets were mostly weaker Friday, May 30, 2014, after a government report showed the U.S. economy shrank in the first quarter and the U.S. dollar lost value against major Asian currencies. (AP Photo/Mark Lennihan, File)
News,Business,Economy,Wall Street,Financial Markets

NEW YORK (AP) — Stocks are opening slightly lower on Wall Street a day after the market closed at another record high.

Lions Gate Entertainment and Express Inc. fell sharply after reporting results that fell short of what investors were looking for. Lions Gate slumped 11 percent and Express fell 13 percent.

The Standard & Poor's 500 index fell two points, or 0.1 percent, to 1,918 in the first few minutes of trading Friday. The S&P 500 closed at a record high the day before.

The Dow Jones industrial average fell 45 points, or 0.3 percent, to 16,653. The Nasdaq composite fell four points, or 0.1 percent, to 4,243.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.49 percent from 2.47 percent late Thursday.

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