US stocks open slightly lower, giving back some gains

Staff Writer
Columbus CEO

NEW YORK (AP) — Stocks are edging lower in early trading, giving up some of the gains they made the day before.

The dollar rebounded early Thursday, a day after plunging against the euro.

Markets rallied Wednesday after the Federal Reserve signaled that it wasn't in a hurry to raise interest rates. A long period of ultra-low rates has helped lift stock and bond prices by keeping the cost of borrowing very low.

The Dow Jones industrial average fell 63 points, or 0.4 percent, to 18,013 in early trading.

The Standard & Poor's 500 fell five points, or 0.3 percent, to 2,093. The Nasdaq edged up nine points, or 0.2 percent, to 4,992.

Bond prices rose. The yield on the 10-year Treasury note rose to 1.94 percent.