US stocks edge lower in early trading, pulling the market back from a record high

IndustriesAssociated Press

U.S. stocks are opening lower as the market pulls back from a record high.

Energy companies were lagging the rest of the market early Tuesday as the price of crude oil fell.

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The Standard and Poor's 500 index fell five points, or 0.2 percent, to 2,092 as of 9:35 a.m. Eastern time.

The Dow Jones industrial average fell 48 points, or 0.3 percent, to 17,971. The Nasdaq fell eight points, or 0.2 percent, to 4,884.

The S&P 500 closed at a record high on Friday. U.S. markets were closed Monday for the Presidents' Day holiday.

The price of oil fell $1.17 to $51.59 a barrel in New York.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.05 percent.