US stocks edge lower in early trading

Stocks edge lower in early trade, bringing indexes below records; Micros gains on Oracle deal

Associated Press
US stocks edge lower in early trading
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FILE - In this Wednesday, Oct. 30, 2013, file photo, specialist Frank Masiello works at his post on the floor of the New York Stock Exchange. (AP Photo/Richard Drew, File)

NEW YORK (AP) -- Stocks are edging lower in early trading after indexed closed last week at record highs.

The Dow Jones industrial average slipped 45 points, or 0.3 percent, to 16,901 in the first few minutes of trading Monday.

The Standard & Poor's 500 index fell two points, or 0.1 percent, to 1,960. The Nasdaq composite lost a point to 4,366.

Micros Systems rose 3 percent after software maker Oracle said it was buying the company for $5.3 billion.

The yield on the 10-year Treasury note fell to 2.59 percent from 2.61 percent Friday. The price of oil dropped 28 cents, or 0.3 percent, to $106.55 a barrel.

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