US stocks lower on weak US, eurozone data

New York - Wall Street stocks opened mostly lower on Friday following disappointing US economic growth and eurozone inflation data.

Five minutes into trade, the Dow Jones Industrial Average stood at 17 388.46, down 28.39 points (0.16%).

The broad-based S&P 500 fell 7.67 (0.38%) to 2 013.58, while the tech-rich Nasdaq Composite Index added 8.79 (0.19%) at 4 692.19.

US economic growth came in at an annual rate of 2.6% in the fourth quarter, according to an estimate from the Commerce Department.

That marked a steep decline from the brisk 5% growth in the third quarter. Still, the data showed personal consumption expenditures rose a robust 4.3%.

Analysts also pointed to the drag from a eurozone inflation report, which showed consumer prices fell by a record 0.6% in January, raising fears that deflation is taking hold in the region.