Stocks opened lower on Friday after Citigroup, Bank of America and General Electric all posted disappointing revenues, while consumer price data suggested sluggish domestic demand and pointed to a weak recovery.

The Dow Jones industrial average <.DJI> lost 63.20 points, or 0.61 percent, to 10,296.11. The Standard & Poor's 500 Index <.SPX> fell 8.17 points, or 0.75 percent, to 1,088.31. The Nasdaq Composite Index <.IXIC> dropped 14.28 points, or 0.63 percent, to 2,234.80.

(Editing by Jeffrey Benkoe)