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Stocks open slightly lower to retreat from record levels

U.S. benchmark stock indexes all opened modestly lower on Thursday to backpedal from record levels hit the previous session. All three major stock indexes set fresh all-time records on Wednesday. The S&P 500 was down 0.1% to 2552.8. The Nasdaq Composite Index shed 8 points to slip to 6595. The Dow Jones Industrial Average lost 15 points to 22857. Investors eyed the beginning of earnings season, kick-started by U.S. banks. J.P. Morgan Chase & Co. and Citibank released their results to kick-start the third-quarter earnings season. Both banks’ earnings beat expectations.

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