Markets Right Now: US stocks back away from record highs

NEW YORK (AP) — The latest on developments in financial markets (All times local):

Stocks are edging mostly lower in early trading as the market comes off a record-setting run.

Real estate companies and makers of basic materials fell the most in the first few minutes of trading Tuesday. Martin Marietta Materials slumped 2.8 percent.

Dr Pepper Snapple Group fell 1.7 percent reported earnings that fell short of analysts’ forecasts.

The Standard & Poor’s 500 index fell 1 point to 2,327.

The Dow Jones industrial average edged up 6 points to 20,416. The Nasdaq composite lost 6 points, or 0.1 percent, to 5,756.

More stocks fell than rose on the New York Stock Exchange.

Bond prices fell. The yield on the 10-year Treasury note rose to 2.44 percent.