Dow off triple digits early Friday as Nasdaq slumps more than 1%

U.S. stocks stumbled out of the gates on Friday, with all three major indexes beginning the session in the red. The Dow Jones Industrial Average DJIA, -0.57% opened the day down more than 100 points, while the S&P 500 SPX, -0.71% fell 0.5%. The tech-heavy Nasdaq Composite Index COMP, -1.05% was the worst-performing index, opening Friday down 0.9% and below its 200-day moving average. Earlier in the session, the Bureau of Labor Statistics said October producer prices rose 0.6%, topping economic forecasters polled by MarketWatch. In company news, embattled General Electric GE, -5.60% opened Friday down more than 3% after a JPMorgan Chase & Co. analyst slashed his price target to $6 from $10.

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