Markets now: stocks opened slightly lower as banks …

Markets now: stocks go down slightly when banks slide

Associated Press

NEW YORK (AP) – The latest news on developments in the financial markets (all times local):

9:35 am

Shares in the US open slightly lower as banks fell after a series of disappointing quarterly reports.

Investment bank Morgan Stanley fell 4.2 percent Tuesday after sales lagged behind analysts' expectations.

Railway operator CSX fell 2.3 percent Tuesday after predicting lower revenue growth in 2019.

High dividend stocks, including utilities and real estate companies, recorded small gains.

nullFILE- In this January 11, 2019 file photo, specialist Gregg Maloney, works on the floor of the New York Stock Exchange. The US equity market opens on Wednesday, January 16 at 9.30 pm EST (AP Photo / Richard Drew, File)

nullFILE- In this January 11, 2019 file photo, specialist Gregg Maloney, works on the floor of the New York Stock Exchange. The US equity market opens on Wednesday, January 16 at 9.30 pm EST (AP Photo / Richard Drew, File)

The main American and Chinese trade officials will be holding talks later this month in a possible sign of progress in resolving their dispute.

The S & P 500 index gave 4 points, or 0.2 percent, to 2,611.

The Dow Jones Industrial Average fell 55 points, or 0.2 percent, to 24,152. The Nasdaq composite slipped 22 points, or 0.3 percent, to 7.012.

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