Stocks weaken

Associated Press - June 19, 2007 9:43 AM ET

NEW YORK (AP) - Stock prices are modestly lower in early trading. The Dow Jones Industrial Average is down eight points in today's early going.

The Nasdaq Composite Index is off five points and the Standard & Poor's 500 Stock Index is down more than two points.

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The one economic report of the day was released before the opening bell. The Commerce Department says May housing starts dropped 2.1%, even as building permits rose three percent. Permits are seen as a gauge of future building activity.

Yahoo shares are in the spotlight after the Internet giant named co-founder Jerry Yang its new CEO. He's replacing Terry Semel, who is stepping down. Analysts say Yahoo is looking to rev up innovation in the face of fierce competition from Google.

For Subscribers

FOR SUBSCRIBERSAmerican passenger drafted goodbye texts to her family as Flydubai plane plummeted

FOR SUBSCRIBERSCornell rape allegation pushes embattled New York prosecutor into national spotlight

FOR SUBSCRIBERSAbdul El-Sayed tries to woo MAHA voters as Democrats seek inroads with RFK’s supporters

FOR SUBSCRIBERSKratom-like substances are popping up in a typically benign supplement

FOR SUBSCRIBERSGOP super PAC increases its spending for Sen. Jon Husted in tough Ohio race

FOR SUBSCRIBERSRecords reveal tumultuous marriage between slain New York Times executive and wife

FOR SUBSCRIBERSFrom clean energy warrior to ‘wall of shame,’ James Talarico reverses on a fossil fuel money pledge

FOR SUBSCRIBERSCongressional staff planned official trip with luxury stops in Italy and France weeks before election

FOR SUBSCRIBERSA harrowing ordeal aboard an Israel-bound plane

FOR SUBSCRIBERSOpenAI CEO Sam Altman to skip congressional hearing on rogue AI agents

FOR SUBSCRIBERSKey DOJ lawyers departed Trump ‘grand conspiracy’ probe amid pressure to produce, source says

FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

FOR SUBSCRIBERSAt MAHA summit, industry CEOs the movement once vilified take the stage

FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

FOR SUBSCRIBERSCornell rape allegation spotlights stringent New York state laws that have long drawn criticism

Best Buy shares have come under pressure after the leading consumer electronics chain said its quarterly profit declined. It cited weakness in its business in China and higher sales of lower profit items like notebook computers. Best Buy also reduced its profit outlook for the remainder of the fiscal year.

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