NEW YORK (AP) — U.S. stocks are slipping in early trading Friday, breaking a three-day rally.
The Dow Jones industrial average was down 87 points, or 0.6 percent, to 14,937 at 10:30 a.m. Eastern Daylight Time. IBM led the Dow lower with a loss of $4.56, or 2.4 percent, to $191.09.
The Standard & Poor's 500 stock index was down five points, or 0.4 percent, to 1,607. Eight of the 10 industry groups in the index fell. Technology stocks fell the most, 1 percent.
The Dow gained 365 points over the previous three days as investors jumped back into the market following a slump last week. That's when Federal Reserve Chairman Ben Bernanke said that the central bank could begin scaling back on its economic stimulus program later this year.
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