Stocks edge lower despite durable goods gain

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NEW YORK (AP) ? Stocks are opening slightly lower, a day after the Dow Jones industrial average had its best gain in two weeks.

A better report on durable goods orders did little to encourage investors. Companies placed more orders for aircraft, automobiles and other durable goods in July.

The Dow Jones industrial average is down 25 points to 11,151 in early trading Wednesday. It jumped 322 points the day before.

The S&P 500 index fell 2 points to 1,160. The Nasdaq is down 7 points, or 0.1 percent, to 2,438.

Stock indexes jumped sharply Tuesday. Even after the rally the Dow is down 8 percent in August. The S&P 500 index is down 10 percent, putting it on track for its worst month since August 1998.