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US: Stocks open lower after recent gains

[NEW YORK] US stocks opened lower Monday after notching a sixth straight week of gains, with online travel giant Priceline sinking after issuing an unexpected warning on fourth quarter earnings.

Five minutes into trade, the Dow Jones Industrial Average was down 74.89 points (0.42 per cent) to 17,835.44.

The broad-based S&P 500 dropped 8.02 points (0.38 per cent) to 2,091.18, while the tech-rich Nasdaq Composite fell 19.54 (0.38 per cent) to 5,127.58.