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Energy stocks lead a modest decline in early trading

FILE - In this Wednesday, Oct. 8, 2014, file photo, a street sign for Wall Street hangs near the New York Stock Exchange. Weak Chinese manufacturing weighed on Asian stocks Monday, Aug. 3, 2015, but European markets mostly rose, shrugging off a 22 percent plunge in the Athens benchmark which reopened after a five-week shutdown. (AP Photo/Mark Lennihan, File)
FILE - In this Wednesday, Oct. 8, 2014, file photo, a street sign for Wall Street hangs near the New York Stock Exchange. Weak Chinese manufacturing weighed on Asian stocks Monday, Aug. 3, 2015, but European markets mostly rose, shrugging off a 22 percent plunge in the Athens benchmark which reopened after a five-week shutdown. (AP Photo/Mark Lennihan, File)

By Associated Press 2 min read

NEW YORK (AP) – U.S. stocks opened lower as energy stocks dropped following another decline in the price of crude. Investors were also watching the latest earnings releases. Tyson Foods slumped after cutting its earnings outlook for the year.

KEEPING SCORE: The Standard & Poor’s 500 index was little changed at 2,102 as of 10:01 a.m. Eastern. The Dow Jones industrial average dropped 50 points, or 0.3 percent, to 17,640. The Nasdaq composite rose nine points, or 0.2 percent, 5,137.

ENERGY: Benchmark U.S. crude shed $1.02 to $46.09 a barrel on the New York Mercantile Exchange. The price of oil slumped 21 percent in July.

GREEK COLLAPSE: Greece’s stock market sank 17 percent as it reopened from a month-long shutdown brought on by the near collapse of the country’s financial system during its high-wire bailout negotiations.

A survey published Monday showed the damage caused to the Greek economy in July by the bank closures, money controls and uncertainty over the country’s future.