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US stock indexes edge lower in early trading; oil slides

FILE - This Oct. 2, 2014, file photo, shows a Wall Street sign adjacent to the New York Stock Exchange. Global stocks were mostly higher Thursday, April 21, 2016, after U.S. stocks were lifted by an uptick in oil prices. A weakening of the Japanese yen pushed Tokyo's benchmark 2.7 percent higher. (AP Photo/Richard Drew, File)
FILE - This Oct. 2, 2014, file photo, shows a Wall Street sign adjacent to the New York Stock Exchange. Global stocks were mostly higher Thursday, April 21, 2016, after U.S. stocks were lifted by an uptick in oil prices. A weakening of the Japanese yen pushed Tokyo's benchmark 2.7 percent higher. (AP Photo/Richard Drew, File)

By Associated Press 2 min read

U.S. stock indexes edged lower in early trading Thursday as investors pored over the latest crop of company earnings news. Telecom services and consumer staples companies were down the most. Oil prices were also headed lower. The stock market is coming off a three-day winning streak.

KEEPING SCORE: The Dow Jones industrial average fell 39 points, or 0.2 percent, to 18,056 as of 10:06 a.m. Eastern time. The Standard & Poor’s 500 index slid five points, or 0.3 percent, to 2,096. The Nasdaq composite index lost 11 points, or 0.2 percent, to 4,936.

BROKEN TOYS: Mattel sank 7.8 percent after the toy maker reported a larger-than-anticipated quarterly loss and disappointing sales of Barbie dolls. The stock fell $2.58 to $30.46.

LOYALTY WANES: Alliance Data Systems, which manages loyalty and rewards programs for retailers and other companies, slid 7.7 percent after the company issued a disappointing outlook for the current quarter. The stock lost $16.67 at $201.25.

BETS ARE OFF: Casino operator Las Vegas Sands slumped 10.8 percent after the company’s latest quarterly results fell short of Wall Street’s expectations. The stock shed $5.65 to $46.53.