Stocks are opening slightly lower as investors weigh the prospects of a global economic slowdown even as several U.S. companies report strong earnings.
Companies from a wide range of sectors-- Nike, Oracle, Tiffany and Discover Financial -- have reported stellar earnings this week. However, the strength comes tinged with worry for these companies which rely on strong sales in Asia and Europe. Reports in China and Europe earlier in the week pointed to a likely slowdown in those economies.
The Dow Jones industrial average fell 13 points at 13,032 shortly after the opening bell Friday. The Standard & Poor's 500 index fell a point to 1,392 and the Nasdaq composite fell five to 3,058.
Copyright 2016 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.