US stocks give up an early gain following slowdown in manufacturing
{{#rendered}} {{/rendered}}FILE - This Oct. 8. 2014, file photo, shows a Wall Street address carved into the side of a building in New York. U.S. stocks are opening the year on a strong note, but energy stocks slipped as the price of crude oil resumed its slide, Friday, Jan. 2, 2015. (AP Photo/Mark Lennihan, File) (The Associated Press)
U.S. stocks turned slightly lower as signs of a slowdown in manufacturing growth weighed on investor sentiment.
The Dow Jones industrial was down 28 points, or 0.2 percent, at 17,793 as of 11:55 a.m. Eastern time Friday. The Dow as up as much as 128 points in early trading.
The Standard & Poor's 500 index fell five points, or 0.3 percent, to 2,053. The Nasdaq composite fell 24 points, or 0.5 percent, to 4,712.
{{#rendered}} {{/rendered}}Oil turned higher after an early slump. U.S. crude was up 32 cents at $53.59 a barrel. Oil lost 45 percent last year, its biggest yearly loss since 2008.
Bond prices rose. The yield on the 10-year Treasury note fell to 2.11 percent.