Markets Right Now: Stocks open lower, crude oil prices rise

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Markets Right Now: Stocks open lower, crude oil prices rise
FILE - In this April 12, 2019, file photo trader Steven Kaplan works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 22. (AP Photo/Richard Drew, File)

NEW YORK (AP) — The latest on developments in financial markets (all times local):

9:35 a.m.

Stocks are opening mostly lower on Wall Street following a long holiday weekend, while energy stocks rose along with crude oil prices.

Benchmark U.S. crude oil rose 2.4% early Monday after the U.S. said it wouldn’t renew waivers to five countries exempting them from sanctions if they continued to import oil from Iran.

Marathon Oil jumped 2.7%. Other energy companies also rose.

Elsewhere, technology stocks and companies that rely on consumer spending posted some of the biggest losses.

Western Digital fell 2.3% and Mattel dropped 3.9%

The S&P 500 fell 8 points, or 0.3%, to 2,896.

The Dow Jones Industrial Average fell 84 points, or 0.3%, to 26,472. The Nasdaq fell 29 points, or 0.4%, to 7,968.

Bond prices fell. The yield on the 10 year Treasury rose to 2.57%.