NEW YORK (AP) — U.S. stocks are edging modestly lower in early trading as investors look over the latest deal and earnings news.
Keurig Green Mountain plunged 28 percent Thursday after the maker of single-serve coffee machines said revenue from coffee pods and brewers both fell in the latest quarter.
Mondelez International, which makes Oreo cookies and Cadbury chocolate, jumped 4 percent after the activist investor Bill Ackman took a $5.5 billion stake in the company.
The Dow Jones industrial average fell 52 points, or 0.3 percent, to 17,489 as of 9:35 a.m. Eastern time.
The Standard & Poor’s 500 index fell four points, or 0.2 percent, to 2,095.
The Nasdaq composite fell 12 points, or 0.2 percent, to 5,127.
Crude oil fell 1 percent to $44 a barrel.
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