(MENAFN- AFP) US stocks opened lower Friday, led by weakness in energy equities following a bearish International Energy Agency outlook on the oil market.
Five minutes into trade, the Dow Jones Industrial Average stood 17,811.25, down 83.97 points (0.47 percent).
The broad-based S&P 500 fell 7.42 (0.36 percent) to 2,058.53, while the tech-rich Nasdaq Composite Index lost 10.97 (0.22 percent) at 4,882.33.
Crude prices fell after the IEA warned that a recent rally in the oil market probably would not last. Dow member Chevron fell 1.0 percent, while oil services giant Halliburton shed 2.0 percent.
After losing ground in the prior session, the dollar advanced Friday, rising closer to parity with the euro. The surge in the greenback has raised worries about US exports.
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