Wall Street Opens Mostly Lower After Retail Sales Drop; Dow Down 175 Pts By Investing.com

© Reuters.

By Geoffrey Smith 

Investing.com — U.S. stocks opened mostly lower on Friday after a second straight monthly drop in underlined the loss of momentum in the economy due to record Covid-19 infections around the turn of the year. 

The mood wasn’t helped much by an opening salvo of bank earnings that looked strong at first sight, but which belied a slowdown in lending trend, or by news of an SEC investigation into ExxonMobil (NYSE:) amid doubts over the accounting for one of its most valuable assets.

By 9:40 AM ET (1440 GMT), the was down 174 points, or 0.6% at 30,817 points. The was down 0.4% while the was just staying in positive territory.

 

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