Markets Right Now: Stocks are opening modestly lower

NEW YORK (AP) — Stocks are opening modestly lower on Wall Street, led by declines in technology companies.

Apple fell 1.3 percent in early trading Monday following a report that it was telling parts suppliers to slow down delivery of iPhone X components.

Materials companies and retailers were also lower. International Paper fell 1.1 percent and Amazon lost 1.5 percent.

The Standard & Poor’s 500 fell 3 points, or 0.1 percent, to 2,499.

The Dow Jones industrial average fell 10 points, less than 0.1 percent, to 22,341. The Nasdaq lost 36 points, or 0.6 percent, to 6,391.