U.S. stocks set to end upbeat week in negative territory

U.S. stocks set to end upbeat week in negative territory

U.S. stocks stumbled out of the gates on Friday, with all three major indices beginning the session in the red. The Dow Jones Industrial Average DJIA, -0.44% opened the session down more than 100 points, while the S&P 500 SPX, -0.66% fell 0.5%. The tech-heavy Nasdaq Composite Index COMP, -1.08% was the worst-performing index, opening Friday down 0.9% and below its 200-day moving average. Earlier in the session, the Bureau of Labor Statistics said October producer prices rose 0.6%, topping forecasters polled by MarketWatch. In company news, embattled General Electric GE, -3.36% opened Friday down more than 3% after a JPMorgan Chase & Co. analyst slashed his price target to $6 from $10.

Have breaking news sent to your inbox. Subscribe to MarketWatch’s free Bulletin emails. Sign up here.

Related posts