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: U.S. stocks open lower as bank concerns persist

U.S. stocks opened lower Friday as investors continued to watch for signs of stress in the banking system. The Dow Jones Industrial Average DJIA was down 0.4% soon after the opening bell, while the S&P 500 SPX fell 0.4% and the technology-heavy Nasdaq Composite COMP shed 0.3%, according to FactSet data, at last check. Shares of Germany’s Deutsche Bank were slumping in Europe on Friday after the bank’s credit-default swaps widened. In U.S. economic news, orders for manufactured goods fell 1% in February, according to data released Friday by the Department of Commerce. The drop exceeded forecasts from economists polled by the Wall Street Journal for a 0.3% decline.

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