US stocks edge lower in early trading; Keurig plunges

U.S. stocks are edging modestly lower in early trading as investors look over the latest deal and earnings news.

Keurig Green Mountain plunged 28 percent Thursday after the maker of single-serve coffee machines said revenue from coffee pods and brewers both fell in the latest quarter.

Mondelez International, which makes Oreo cookies and Cadbury chocolate, jumped 4 percent after the activist investor Bill Ackman took a $5.5 billion stake in the company.

The Dow Jones industrial average fell 52 points, or 0.3 percent, to 17,489 as of 9:35 a.m. Eastern time.

The Standard & Poor's 500 index fell four points, or 0.2 percent, to 2,095.

The Nasdaq composite fell 12 points, or 0.2 percent, to 5,127.

Crude oil fell 1 percent to $44 a barrel.