US stocks open mostly lower; PPG rises

Associated Press |

NEW YORK (AP) — U.S. stocks are mostly lower in early trading as the market appears set to end June with a modest gain.

The Dow Jones industrial average fell 49 points, or 0.3 percent, to 16,803 shortly after the market opened Monday.

The Standard & Poor's 500 index slipped less than a point to 1,960. The Nasdaq composite edged up six points, or 0.1 percent, to 4,404.

The stock market ended last week with a slight loss. But that was a minor setback. The S&P 500 has managed a gain of 1.9 percent in June, despite rising oil prices and signs of tepid economic growth.

Paint maker PPG Industries rose 3 percent after announcing plans to buy Mexico's Comex Consorcio Comex for $2.3 billion.

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