U.S. stocks opened lower on Friday, putting the benchmarks in position to cap a airy anniversary absolutely in abrogating territory. The Dow Jones Industrial Average DJIA, 1.77% was bottomward 214 points, or 0.9%, at 24,763, the S&P 500 basis SPX, 1.57% fell 1.4% at 2,665, while the technology aggressive Nasdaq Composite Basis COMP, 1.58% sank 2.2% to ability 7,130. The moves appear afterwards Amazon.com Inc. AMZN, -0.55% and Google-parent Alphabet Inc. GOOGL, 1.43% produced annual after-effects late-Thursday that aghast Wall Street. Those companies are a allotment of a accidental of alleged FANG companies, including Netflix Inc. NFLX, 0.34% and Facebook Inc. FB, 2.91% which had been the pillars of the disinterestedness markets updraft. However, worries about ascent rates, all-around advance and fears that barter battles amid the U.S. and China are harming both economies, accept accumulated to abominably cavity activity for stocks. A day earlier, stocks enjoyed a fractional accretion from an animal sell-off on Wednesday. Meanwhile, a aboriginal apprehend of third-quarter gross calm artefact on Friday showed that it was a better-than-expected 3.5%, but does reflect some deceleration from the antecedent abode account aloft 4%.
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