Markets Right Now: Stocks lower led by consumer companies

NEW YORK (AP) — The latest on developments in global financial markets (all times local):

Stocks are trading lower on Wall Street as investors worry about the health of Europe's banks and the U.S economy.

Consumer companies and machinery makers are taking some of the biggest losses.

Stocks are opening mostly lower on Wall Street as worries over the financial health of Europe's banks and skepticism over the Japanese government's latest stimulus package weighed on global markets.