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Mixed open for stocks keeps Dow short of 20,000 mark

FILE - In this Oct. 8, 2014, file photo, people walk to work on Wall Street beneath a statue of George Washington, in New York. Major stock indexes are opening at record levels Tuesday, Dec. 20, 2016, as banks trade higher thanks to a recovery in bond yields and interest rates. The Dow Jones industrial average is closer than ever to the 20,000 mark. Industrial and consumer companies are building on their recent gains. Cruise line operator Carnival is rising after a strong quarterly report. (AP Photo/Mark Lennihan, File)
FILE - In this Oct. 8, 2014, file photo, people walk to work on Wall Street beneath a statue of George Washington, in New York. Major stock indexes are opening at record levels Tuesday, Dec. 20, 2016, as banks trade higher thanks to a recovery in bond yields and interest rates. The Dow Jones industrial average is closer than ever to the 20,000 mark. Industrial and consumer companies are building on their recent gains. Cruise line operator Carnival is rising after a strong quarterly report. (AP Photo/Mark Lennihan, File) FILE - In this Oct. 8, 2014, file photo, people walk to work on Wall Street beneath a statue of George Washington, in New York. Major stock indexes are opening at record levels Tuesday, Dec. 20, 2016, as banks trade higher thanks to a recovery in bond yields and interest rates. The Dow Jones industrial average is closer than ever to the 20,000 mark. Industrial and consumer companies are building on their recent gains. Cruise line operator Carnival is rising after a strong quarterly report. (AP Photo/Mark Lennihan, File)

By Associated Press 2 min read

NEW YORK (AP) – U.S. stock indexes are slightly lower Wednesday morning as banks and technology companies slip. Household goods makers, including companies that sell snacks and drinks, are bouncing back from losses a day ago. The Dow Jones industrial average remains near record highs, but short of the 20,000-point milestone.

KEEPING SCORE: The Dow dipped 18 points, or 0.1 percent, to 19,956 as of 10 a.m. Eastern time. The Standard & Poor’s 500 index lost 2 points, or 0.1 percent, to 2,268. The Nasdaq composite fell 7 points, or 0.1 percent, to 5,476. More stocks rose than fell on the New York Stock Exchange.

LOST IN THE MAIL: Shipping company FedEx said its quarterly expenses climbed and its earnings fell short of Wall Street estimates. The company’s stock lost $5.42, or 2.7 percent, to $193.32.

LOGGING OFF: Social networking site Twitter slumped after Chief Technology Officer Adam Messinger said he’s leaving the company. The struggling company has seen a number of executives leave recently. Former Chief Operating Officer Adam Bain left in November. In October Twitter said it would eliminate 9 percent of its workforce. Twitter fell 68 cents, or 3.8 percent, to $17.25.

THE SHOE FITS: Athletic apparel maker Nike gained 19 cents to $51.98 after its second-quarter profit and sales came in stronger than analysts expected. Nike is by far the worst performer on the Dow this year, as its stock has tumbled 17 percent in part thanks to competition with Under Armour. Investors fear the rivalry is affecting both companies.