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Stocks open reduce as oil convene fades

Stocks are opening reduce in a U.S. as corporate gain reports start to drip in.

Investors have low expectations for a gain stating deteriorate that is removing underway this week and next. On Thursday, Hooker Furniture sank 16% after a formula fell brief of estimates.

Crude oil prices incited reduce after a large convene a day before.

The Dow Jones industrial normal was down 111 points, or 0.6%, to 17,604 as of 9:35 a.m. Eastern time.

The Standard Poor’s 500 index slid 10 points, or 0.5%, to 2,055. The Nasdaq combination fell 21 points, or 0.5%, to 4,898.

Bond prices rose. The produce on a 10-year Treasury note fell to 1.72%.

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