U.S. stocks open lower; Dow falls below 17,000 Durable goods orders rise by more than expected; Amazon hit after results NEW YORK (MarketWatch) — The U.S. stock market opened lower on Friday, weighed down by disappointing earnings from companies such as Amazon.com.
Nonetheless, the main benchmarks were on track to finish the week with marginal gains.
Stock-market investors showed virtually no reaction to stronger-than-expected orders for durable goods, released before the opening bell.
The S&P 500 (SNC:SPX) opened 9 points, or 0.4%, lower at 1,980.96, retreating from the record close reached on Thursday.
The Dow Jones Industrial Average (DJI:DJIA) lost 117 points, or 0.7%, to 16,965.02 at the open.
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