Stocks fell at the open, pressured by declines in Boeing and General Electric, as Wall Street digested strong gains from the previous week and looked ahead to the start of the corporate earnings season.
div > div.group > p:first-child"> The Dow Jones Industrial Average declined by 155 points. The S&P 500 pulled back 0.3% as the industrial sector dipped 0.8%. The Nasdaq Composite slipped 0.4%.
GE, meanwhile, fell more than 7% after J.P. Morgan cut its price target on the stock to $5 from $6 a share, noting:"We believe many investors are underestimating the severity of the challenges and underlying risks at GE, while overestimating the value of small positives." President Donald Trump said Thursday"we'll know over the next four weeks" whether a deal between the two countries can be reached. On Friday, the Labor Department reported that 196,000 jobs were created in March.
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