National News

Mar 15, 2013 9:52 AM by ASSOCIATED PRESS

US stocks open lower; S&P is near record


NEW YORK (AP) - U.S. stock markets are opening lower, threatening to end the Dow's winning streak at 10 days.

The Dow Jones industrial average fell 38 points to 14,500 shortly after the opening bell Friday. The Standard & Poor's 500 index fell four points to 1,558.

The Nasdaq composite fell six points to 3,252.

A spike in gas prices drove up a measure of U.S. consumer costs in February by the most in more than three years. But outside of fuel costs, inflation was mostly modest.

The Dow rose for the tenth straight day Thursday, gaining 83.86 points to close at 14,539.14. The last time the Dow knocked out 10 straight days of gains was November 1996.

The S&P 500 is six points away from the record high it reached in October 2007.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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