U.S. stocks open lower as energy sector weighs

U.S. stocks opened lower on Friday, following data that showed a higher-than-expected rise in consumer prices, while a drop in crude oil prices weighed on energy shares. The Dow Jones Industrial Average [S: DJIA] fell 30.47 points, or 0.2%, to 18,182.83, with Chevron Corp. [S: CVX] the biggest decliner on the day. The S&P 500 [S: SPX] fell 3.89 points, or 0.2%, to 2,143.19, with energy shares also weighing on the benchmark index. The Nasdaq Composite Index [S: ] fell 8.03 points, or 0.2%, to 5,240.52. Among the most active stocks of the day, U.S.-listed shares of Deutsche Bank [S: DB] shares tumbled 9% to $13.45 following U.S. Justice Department’s demand that it pay $14 billion to settle a probe into its mortgage business. The bank pushed back against the size of the penalty, and said it had been asked to make a counter proposal.

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