Stocks Under Pressure in Early Trading, Oil Prices Rose

U.S. stocks were slightly lower in the early trading on Friday, with the Nasdaq lost ground amid weakness for tech shares. The Dow Jones Industrial Average lately fell 56.79 points, or 0.23%, to 24,215.56. The S&P 500 lost 4.27 points, or 0.16%, to 2,643.31. The Nasdaq Composite dropped 26.51 points, or 0.39%, to 6,847.46.

Oil futures rose on Friday, building on gains seen after major oil producers hammered out an agreement that was widely expected, to extend ongoing production curbs through 2018. January West Texas Intermediate crude climbed 30 cents, or 0.5%, to $57.70 a barrel. February Brent put on 41 cents, or 0.7%, to $63.05 a barrel.

Detroit auto makers reported mixed sales results for November, with General Motors Co. and Fiat Chrysler Automobiles NV reporting declines while Ford Motor Co. gained ground amid strong demand for its pickup trucks and sport-utility vehicles.

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