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US stocks open lower, led by another drop in energy sector

The exchange rate of the US Dollar and the Euro, at top, is displayed in the window of a currency exchange office in Athens, on Monday, Jan. 5, 2015. The euro sank to a nine-year low Monday as new doubts surfaced about Greece's commitment to the common currency bloc. European stocks mostly rose while Asian markets were mixed. (AP Photo/Petros Giannakouris)
The exchange rate of the US Dollar and the Euro, at top, is displayed in the window of a currency exchange office in Athens, on Monday, Jan. 5, 2015. The euro sank to a nine-year low Monday as new doubts surfaced about Greece's commitment to the common currency bloc. European stocks mostly rose while Asian markets were mixed. (AP Photo/Petros Giannakouris) The exchange rate of the US Dollar and the Euro, at top, is displayed in the window of a currency exchange office in Athens, on Monday, Jan. 5, 2015. The euro sank to a nine-year low Monday as new doubts surfaced about Greece's commitment to the common currency bloc. European stocks mostly rose while Asian markets were mixed. (AP Photo/Petros Giannakouris)

By Associated Press 1 min read

NEW YORK (AP) – U.S. stocks are opening lower, led by a drop in the energy sector as the price of oil plunges again.

The euro sank to a nine-year low Monday as traders worried about Greece’s ability to stay in the currency union.

The Dow Jones industrial average fell 89 points, or 0.5 percent, to 17,741 as of 9:35 a.m. Eastern time.

The Standard & Poor’s 500 index fell 12 points, or 0.6 percent, to 2,046. The Nasdaq composite fell 26 points, or 0.6 percent, to 4,700.

Energy companies had the worst declines in the S&P 500 index. Transocean and Denbury Resources each lost 5 percent.

Crude oil dropped $1.86 to $50.79 a barrel.

Bond prices rose. The yield on the 10-year Treasury note fell to 2.90 percent.