Stocks open lower, led by energy sector

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NEW YORK – Stocks are opening slightly lower on Wall Street, led by declines in energy companies.

American flags fly at the New York Stock Exchange on Wall Street.AP

American flags fly at the New York Stock Exchange on Wall Street.

Tesla Motors agreed to buy solar panel maker SolarCity for $2.6 billion in stock in a tie-up aimed at creating a one-stop shop for cleaner energy.

In other deal news Verizon agreed to pay $2.4 billion for Fleetmatics, a maker of software to manage motor pools.

The price of crude oil continued its recent slide and was down 1.5 percent at $40.98 a barrel in New York.

The Dow was down 37 points, or 0.2 percent, to 18,395.

The Standard & Poor’s 500 index was down 5 points, or 0.2 percent, at 2,168. The Nasdaq composite fell 3 points, or 0.1 percent, at 5,193.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.51 percent.