NEW YORK - Wall Street fell in early trading Thursday after dealmaking news lifted some sectors, but investors remained jittery about rebounding bond yields and upcoming data on the U.S. service sector.
The Institute for Supply Management's index of service sector activity in June, scheduled to be released at 10 a.m., is expected to slip to 58.1 from 59.7 in May, indicating that non-manufacturing industries saw slower expansion.
A much lower reading could signal some signs of economic weakness, while any signs that inflation is accelerating - such as a index of the prices companies themselves pay - could raise interest rate jitters. Last week, the Federal Reserve said recent data have shown inflation is moderating, but the bank wants to see more evidence.
In the first minutes of trading, the Dow Jones industrial average fell 41.38, or 0.30 percent, to 13,535.92.
Broader stock indicators also declined. The Standard & Poor's 500 index was off 1.71, or 0.11 percent, at 1,523.16, and the Nasdaq composite index fell 1.30, or 0.05 percent, to 2,643.65.
The 10-year Treasury note's yield bounced back to 5.10 percent Thursday from 5.04 percent Tuesday.
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