Markets Right Now: US stocks open lower; bonds rise

NEW YORK, N.Y. – The latest on developments in global financial markets (all times local):

9:35 a.m.

Stocks are opening lower and bond prices are rising on new concerns about Britain’s decision to leave the European Union.

European markets were mostly lower and the pound weakened further.

Trading was unsettled after a British financial company stopped trading in a commercial real estate fund as investors rushed to pull money out of it.

Banks and energy companies fell more than the rest of the market.

U.S. stocks are coming off is biggest weekly gain since November.

The Dow Jones industrial average lost 82 points, or 0.5 per cent, to 17,867.

The Standard & Poor’s 500 index slipped 11 points, or 0.6 per cent, to 2,091. The Nasdaq composite fell 34 points, or 0.7 per cent, to 4,828.

Bond prices rose. The yield on the 10-year Treasury note dropped to 1.40 per cent.