Markets

US stocks start Friday in the red

NEW YORK : US stock markets opened in the red Friday, facing an uphill struggle to end the week with gains after losses

Published June 10, 2011 Updated June 10, 2011 02:16pm

1 min

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By Imad Uddin

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The Dow Jones Industrial Average was down 70.84 points (0.58 percent) at 12,053.52 in the first 15 minutes of trade.

The broader S&P 500 lost 7.33 points (0.57 percent) at 1,281.67, while the tech-rich Nasdaq Composite gave up 11.13 points (0.41 percent) at 2,673.74.

"The market has its work cut out for it if it is to close the week with a gain. Entering today's session, the S&P 500 is down 0.9 percent for the week," said Patrick O'Hare of Briefing.com.

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