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US stocks open lower; Deere sinks

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Photo - FILE - In this June 29, 2012 file photo, specialists Frank Masello, left, and John T. O'Hara work on the trading floor of the New York Stock Exchange shortly before the closing bell. Asian stock markets were boosted Wednesday May 14, 2014 after the S&P 500 rose above 1,900 for the first time, but European markets meandered ahead of a likely flat start to U.S. trading.  (AP Photo/David Karp, File)
FILE - In this June 29, 2012 file photo, specialists Frank Masello, left, and John T. O'Hara work on the trading floor of the New York Stock Exchange shortly before the closing bell. Asian stock markets were boosted Wednesday May 14, 2014 after the S&P 500 rose above 1,900 for the first time, but European markets meandered ahead of a likely flat start to U.S. trading. (AP Photo/David Karp, File)
News,Business,Wall Street,Financial Markets

NEW YORK (AP) — Stocks are opening lower, a day after the market hit all-time highs.

The Standard & Poor's 500 index fell two points, or 0.1 percent, to 1,894 in the first few minutes of trading Wednesday. The S&P 500 traded above 1,900 for the first time the day before.

The Dow Jones industrial average lost 37 points, or 0.2 percent, to 16,677. The Nasdaq composite gave up five points, or 0.2 percent, to 4,123.

Deere fell 1 after the company reported a decline in second-quarter income on lower demand for farming equipment.

Fossil Group fell 8 percent after the watch, jewelry and accessories maker said its income fell despite sales gains across all its business segments.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.56 percent.

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