U.S. stocks open lower as bank concerns persist

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U.S. stocks opened lower Friday as investors continued to watch for signs of stress in the banking system. The Dow Jones Industrial Average was down 0.4%...

U.S. stocks opened lower Friday as investors continued to watch for signs of stress in the banking system. The Dow Jones Industrial Average DJIA, -0.79% was down 0.4% soon after the opening bell, while the S&P 500 SPX, -0.84% fell 0.4% and the technology-heavy Nasdaq Composite COMP, -0.81% shed 0.3%, according to FactSet data, at last check.

Shares of Germany’s Deutsche Bank were slumping in Europe on Friday after the bank’s credit-default swaps widened. In U.S. economic news, orders for manufactured goods fell 1% in February, according to data released Friday by the Department of Commerce. The drop exceeded forecasts from economists polled by the Wall Street Journal for a 0.3% decline.

 

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