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Stocks move slightly lower in quiet trading; tech in focus

FILE - In this July 6, 2015 file photo, American flags fly at the New York Stock Exchange on Wall Street. Asian stock markets held fairly steady Friday, Sept. 23, 2016 holding on to gains in the week driven by U.S. and Japanese central bank policy decisions that fueled investors' belief that low rates will be around for a few more months. (AP Photo/Mark Lennihan)
FILE - In this July 6, 2015 file photo, American flags fly at the New York Stock Exchange on Wall Street. Asian stock markets held fairly steady Friday, Sept. 23, 2016 holding on to gains in the week driven by U.S. and Japanese central bank policy decisions that fueled investors' belief that low rates will be around for a few more months. (AP Photo/Mark Lennihan) FILE - In this July 6, 2015 file photo, American flags fly at the New York Stock Exchange on Wall Street. Asian stock markets held fairly steady Friday, Sept. 23, 2016 holding on to gains in the week driven by U.S. and Japanese central bank policy decisions that fueled investors' belief that low rates will be around for a few more months. (AP Photo/Mark Lennihan)

By Associated Press 2 min read

NEW YORK (AP) – Stocks were slightly lower in early trading Friday, as investors booked some of the profits made this week. Technology stocks were trading heavily, particularly Facebook, Yahoo and Twitter.

KEEPING SCORE: The Dow Jones industrial average fell 36 points, or 0.2 percent, to 18,355 as of 9:45 a.m. Eastern. The Standard & Poor’s 500 index fell six points, or 0.3 percent, to 2,171 and the Nasdaq composite fell 14 points, or 0.3 percent, to 5,326.

AD MAN: Facebook shares fell $2.17, or 2 percent, to $127.92 after The Wall Street Journal reported that Facebook was overstating the length of how long its users were watching its video ads, raising concerns that a portion of Facebook’s ad revenue may be at risk.

BREACH: Yahoo fell 88 cents, or 2 percent, to $43.27 after the company admitted the data of 500 million users was stolen by a foreign agent, much more than the company previously acknowledged. While Yahoo has agreed to sell most of its assets to Verizon, there were concerns that this development may cause Verizon to go back to the negotiation table.

TWITTER CHATTER: Twitter soared $3.44, or 19 percent, to $22.09 after CNBC reported that the company is in deal talks with Salesforce and Google’s parent company Alphabet for a possible sale. Alphabet and Salesforce were both down in early trading.

ENERGY: U.S. benchmark crude oil futures fell 18 cents to $45.14 a barrel on the New York Mercantile Exchange. Brent crude, used to price international oils, rose 8 cents to $48.29 a barrel.

BONDS AND CURRENCIES: The yield on the U.S. Treasury 10-year note was mostly unchanged at 1.62 percent. The euro rose to $1.1216 from $1.204 and the dollar edged up to 100.93 yen from 100.89 yen.