Stock market slips lower

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Wall Street ticked modestly lower early today, according to the Associated Press. Futures for the S&P 500 and the Dow Jones Industrial Average fell less than 0.1% before the bell.

Honda Motor Co. slid 1.6% after it announced a recall of 1.7 million vehicles related to steering problems that had been under investigation by U.S. regulators since early this year.

Oil prices that gained last week on a renewed intensity of violence in the Middle East have resumed a downward trajectory this week, bringing shares of energy producers down as well. Exxon, Chevron, and ConocoPhillips all fell between 1% and 3% in premarket trading.

Benchmark U.S. crude oil fell 40 cents to $73.17 per barrel. Brent crude, the international standard, lost 36 cents to $76.82 per barrel.

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In currency trading, the U.S. dollar edged up to 148.68 Japanese yen from 148.20 yen.

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