Markets Right Now: Stocks open lower; bond yields rise

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

9:35 a.m.

Stocks are opening moderately lower across the board on Wall Street, led by declines in technology and consumer-focused companies.

The declines Tuesday put the Dow Jones industrial average on track to end an eight-day winning streak.

Bond prices fell, sending yields higher, after the government reported a solid increase in U.S. retail sales last month.

The yield on the benchmark 10-year Treasury note rose to 3.05 per cent, its highest level since July 2011. That yield is used to set interest rates on mortgages and other kinds of loans.

The S&P 500 index fell 18 points, or 0.7 per cent, to 2,711.

The Dow Jones industrial average lost 162 points, or 0.6 per cent, to 24,739. The Nasdaq composite fell 75 points, or 1 per cent, to 7,335.