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US: Energy stocks tumble at open alongside crude prices


[NEW YORK] The S&P 500 opened slightly lower on Friday, weighed by energy shares as U.S. crude fell nearly 6 per cent after OPEC decided against cutting output.

The Dow Jones industrial average rose 22.64 points, or 0.13 per cent, to 17,850.39, the S&P 500 lost 4.02 points, or 0.19 per cent, to 2,068.81 and the Nasdaq Composite added 6.17 points, or 0.13 per cent, to 4,793.49.

The energy sector of the S&P 500 tumbled 6 per cent, on track for its largest daily per centage fall in more than three years.