NEW YORK (AP) — The latest on developments in financial markets (all times local):
Stocks are opening broadly lower on Wall Street, dragged down by losses in health care and industrial companies.
FedEx slumped 6.3 percent in early trading Wednesday after reporting a weak quarter, and Johnson & Johnson fell 1.2 percent.
Several big media companies were also lower. Viacom lost 3.5 percent and Discovery gave up 2.7 percent.
Cereal maker General Mills turned in a good quarter and was up 3.8 percent.
The S&P 500 index fell 5 points, or 0.2 percent, to 2,826.
The Dow Jones Industrial Average lost 81 points, or 0.3 percent, to 25,806. The Nasdaq slipped 6 points, or 0.1 percent, to 7,715.
Bond prices rose. The yield on the 10-year Treasury fell to 2.59 percent.