NEW YORK — Retailers and technology stocks are leading U.S. indexes lower in early trading on Wall Street.
Phone companies and real estate stocks were also down early Thursday. L Brands, the parent company of Victoria’s Secret, slumped 9% after reporting weak sales for June.
Bank stocks bucked the downward trend and rose.
The Standard & Poor’s 500 index fell 10 points, or 0.4%, to 2,422. The Dow Jones industrial average lost 69 points, or 0.3%, to 21,408.
The Nasdaq composite slipped 39 points, or 0.7%, to 6,110.
Bond prices fell. The yield on the 10-year Treasury note rose to 2.37%.