US stocks down early; Dow off most
Industrials weakest S&P 500 sector; Financials, Staples edge up
Euro STOXX 600 index up ~0.2%
Dollar up; gold, bitcoin dip; crude down ~2%
US 10-Year Treasury yield falls to ~4.46%
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U.S. STOCKS DIP, WITH TRANSPORTS DOWN MORE THAN 2%
The three major U.S. stock indexes are lower in early trading on Friday, led again by declines in the Dow .DJI, with the Dow transportation average .DJT falling more than 3%.
Industrials .SPLRCI are leading the day's declines among S&P 500 .SPX sectors, with most of the major groups lower in morning trade.
Investors also are digesting a report showing U.S. consumer sentiment dropped more than expected in February to a 15-month low and inflation expectations rocketed. Consumers worried that President Donald Trump's plans for steep and broad-based tariffs would eat into their purchasing power.
UnitedHealth UNH.N shares are down 8% after the Wall Street Journal reported that the U.S. Justice Department has launched an investigation into the company's Medicare billing practices in recent months.
Here is the early market snapshot:
(Caroline Valetkevitch)
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FOR FRIDAY'S EARLIER LIVE MARKETS POSTS:
BENCHMARK TREASURY YIELD: STILL STUCK IN THE WEEDS - CLICK HERE
"CELTIC TIGER" LEAPS TO NEW RECORD HIGH - CLICK HERE
DON'T READ TOO MUCH INTO UK RETAIL SALES, ECONOMISTS SAY - CLICK HERE
BUNDS PULLED IN OPPOSITE DIRECTIONS - CLICK HERE
TARIFF RISK UNDERPRICED, AGAIN - CLICK HERE
STOXX 600 FIRMER AS CHEMICALS AND BEVERAGES LIFT INDEX - CLICK HERE
EUROPE BEFORE THE BELL: MODEST OPEN AWAITS, STOXX TO STAY AT RECORD - CLICK HERE
PMIS IN THE SPOTLIGHT AHEAD OF WEEKEND GERMAN ELECTIONS - CLICK HERE
early snapshot https://tmsnrt.rs/3D2hF6I
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