U.S. stocks open lower as banks kick off earnings reporting for fourth quarter

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U.S. stocks opened lower Friday as banks kicked off earnings reporting for the fourth quarter. The Dow Jones Industrial Average DJIA, -0.27% was down 0.7% soon after the opening bell, while the S&P 500 SPX, -0.56% fell 0.8% and the Nasdaq Composite COMP, -0.57% dropped 0.9%, according to FactSet data, at last check. Investors are weighing fourth-quarter results from Wall Street banks including JPMorgan Chase & Co. JPM, -1.38%, Bank of America Corp. BAC, -0.59%, Citigroup Inc. C, -1.15% and Wells Fargo & Co. WFC, -3.70%.

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

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