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US stocks open lower after Black Friday

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NEW YORK, Nov 26 AFP

November 27 2012, 01:47AM

US stocks have opened lower after breaking a six-week slump with solid gains last week, with the jury still out over how strong the crucial Black Friday holiday sales went for retailers.

Five minutes into trade on Monday, the Dow Jones Industrial Average was down 74.27 points, or 0.57 per cent, at 12,935.41.

The broad-market S&P 500 index lost 7.15 points, or 0.51 per cent, to 1,402.00.

The Nasdaq Composite fell 7.79 points, or 0.26 per cent, to 2,959.056.

Traders' eyes were also on whether European officials and the International Monetary Fund could come to agreement on a deal to keep Greece's bailout program going and avoid forcing Athens into default on its debt.