Wall Street dragged lower by bank shares

By IBTimes Staff Reporter | January 15 2010 9:48 AM

U.S. stocks opened lower on Friday as financials slumped after results from JPMorgan Chase & Co , the first major bank to report earnings.

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The Nasdaq fared better than the Dow and S&P 500 indexes, staying above water with help from big-cap tech companies including Apple Inc .

The Dow Jones industrial average <.DJI> was off 20.11 points, or 0.19 percent, to 10,690.44. The Standard & Poor's 500 Index <.SPX> slipped 1.69 points, or 0.15 percent, to 1,146.77. The Nasdaq Composite Index <.IXIC> rose 4.34 points, or 0.19 percent, to 2,321.08.

(Reporting by Leah Schnurr)

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