U.S. stocks opened slightly lower on Friday, extending the previous session’s decline and putting major indexes on track for weekly losses. The Dow Jones Industrial Average
slid 22 points, or 0.1%, to 21,732. The S&P 500
lost 0.6 point to 2,429. The Nasdaq Composite Index
was up 1.2 point to 6,222. All three indexes are on track for a negative week, with the Dow down 0.6%, the S&P off 0.5%, and the Nasdaq having lost 0.6%. This is the second straight weekly decline for the S&P and the Dow, and the fourth straight down week for the Nasdaq. Recent losses have been fueled by geopolitical uncertainty, including tensions between the U.S. and North Korea last week, and a terrorist attack in Barcelona on Thursday. Among the most actively traded stocks, Ross Stones
rallied 11% a day after it reported results that beat expectations, while Applied Materials
gained 3.6% a day after its own results.
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Stock market extends losses after worst one-day tumble in 3 months