: U.S. stocks open lower as bank concerns persist


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, +0.41% was down 0.4% soon after the opening bell, while the S&P 500 SPX, +0.56% fell 0.4% and the technology-heavy Nasdaq Composite COMP, +0.31% 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.

This article was originally published by Marketwatch.com. Read the original article here.

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