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NEW YORK (CNN/Money) -
Rising oil prices and concerns about General Motors were among the factors pressuring stocks early Thursday.
The Dow Jones industrial average (down 32.89 to 10,344.98, Charts), the broader S&P 500 (down 0.47 to 1,190.91, Charts) index and the Nasdaq composite (down 4.15 to 2,095.90, Charts) all declined modestly in the early going.
Stocks slid Wednesday, pressured by rising Treasury yields and some discouraging corporate news. Yields reversed course Thursday, but the corporate news remained murky.
General Motors (unchanged at $29.17, Research) slipped close to 4 percent at the open on reports late Wednesday that the Securities and Exchange Commission has issued subpoenas regarding its pension accounting and insurance practices.
Also weighing on sentiment in the early going was a report showing that durable goods orders fell in September after rising in August. The decline was steeper than what Wall Street economists were expecting.
U.S. light crude oil for December delivery rose 49 cents to $61.15 a barrel in electronic trading, snapping back after sliding 2.5 percent on Wednesday.
Treasury prices bounced back after three down sessions that saw the benchmark 10-year note yield hit a seven-month high. The rise Thursday lowered the yield on the 10-year to 4.55 percent from 4.58 percent late Wednesday. Treasury prices and yields move in opposite directions.
The dollar slipped versus the euro and yen.
COMEX gold rose $3.80 to $476.80 an ounce, gaining with other dollar-traded commodities.
In global trade, major Asian markets slipped, with the exception of the Japanese Nikkei, and European shares slipped at midday.
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