NEW YORK, Rabi'I 7, 1437, Dec 18, 2015, SPA -- U.S. stocks moved lower in early trading Friday as investors continued to worry about global economic growth. The Dow Jones industrial average fell 170, or 1 percent, to 17,325. The broader Standard & Poor’s 500 index lost 16, or 0.8 percent, to 2,025. The technology-heavy Nasdaq composite index declined 27, or 0.6 percent, to 4,975. Utilities stocks dropped the most, a day after turning in the best performance in the market. The only stocks trading higher were mining and metals companies, which declined a day earlier. Mining stocks recovered along with the prices of gold and copper. In earnings news, strong results lifted shares of open-source software company RedHat and smartphone maker BlackBerry. RedHat gained $4.11, or 5.2 percent, to $82.97 and BlackBerry rose 73 cents, or 9.4 percent, to $8.53. Overseas, The FTSE 100 index of leading British shares was down 0.7 percent and France’s CAC 40 fell 1.5 percent. Germany’s DAX was 1.7 percent lower. Japan’s Nikkei 225 sank 1.9 percent and South Korea’s Kospi slipped 0.1 percent. Hong Kong’s Hang Seng finished 0.5 percent lower. The dollar gained ground against other major world currencies. Light sweet crude oil for January delivery increased 5 cents to $36 a barrel on the New York Mercantile Exchange, while gold futures added $14.60 to $1,064.00 an ounce. --SPA 21:05 LOCAL TIME 18:05 GMT www.spa.gov.sa/w
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