Traders work at the New York Stock Exchange in New York, the United States, June 15, 2018. U.S. stocks opened sharply lower on Friday. Shortly after the opening bell, the Dow Jones Industrial Average decreased 160.41 points, or 0.64 percent, to 25,014.90. The S&P 500 decreased 10.52 points, or 0.38 percent, to 2,771.97. The Nasdaq Composite Index erased 39.12 points, or 0.50 percent, to 7,721.92.
U.S. stocks trade lower on Friday as investors digest a slew of economic data.
The Dow Jones Industrial Average decreased 84.83 points, or 0.34 percent, to 25,090.48. The S&P 500 was down 3.07 points, or 0.11 percent, to 2,779.42. The Nasdaq Composite Index was down 14.66 points, or 0.19 percent, to 7,746.38.
The June Empire State Manufacturing Survey showed its headline general business conditions index climbed five points to 25, indicating a faster pace of growth than in May.
The index closely watches manufacturing activity in New York State. The Federal Reserve Bank of New York conducts the survey monthly and participants represent a variety of industries.
Consumer sentiment rose slightly in early June due to consumers' more favorable assessments of their current financial situation and more favorable views of current buying conditions for household durables, according to the University of Michigan.
The University's Friday report on consumer attitudes about the economy hit 99.3 in a preliminary June reading, higher than analysts' expectation.
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