Tech leads stocks lower in early trading on Wall Street

The Associated Press

Stocks are off to a mostly lower start on Wall Street Thursday, a day after the S&P 500 and the Dow Jones Industrials approached the record highs they set this summer. The S&P 500 was off 0.2% in the early going, and technology companies were weighing most heavily on the index. IBM slumped 6.5% after reporting quarterly revenue that fell shy of analysts’ forecasts. Among other companies reporting earnings, Tesla rose 1.5% after reporting record profits despite parts shortages and shipping delays, European markets were also lower and Asian markets ended mixed. Crude oil prices fell about 1%.