US stocks fall slightly in opening trading

Markets Associated Press

The U.S. stock market is down slightly in early trading, extending the small losses from the day before.

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The Dow Jones industrial average slipped 14 points, or 0.1 percent, to 18,101 as of 9:35 a.m. Tuesday

The Standard & Poor's 500 index eased two points, or 0.1 percent, to 2,101.

The Nasdaq composite fell three points, or 0.1 percent, to 5,007. The index is 40 points from its all-time high hit during the dot-com bubble in 2000.

Shares of Freeport-McMoRan fell 3 percent after the company said it will cut its quarterly dividend payment.

Crude oil fell 7 cents to $46.38 a barrel in New York.

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Bond prices rose. The yield on the benchmark 10-year Treasury note crept down to 1.90 percent, from 1.91 percent.