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Stocks take a hit at the open

U.S. markets in retreat as new indications of global credit crunch emerge.


NEW YORK (CNNMoney.com) -- U.S. stocks slipped at the start of trading Friday as the ongoing concerns about global credit were reinforced with news from the U.K.

The Dow Jones industrial average lost 0.7 percent. The Nasdaq composite index dropped 0.8 percent. The Standard & Poor's 500 index was 0.5 percent lower.

Among stocks in the news: Eli Lilly (Charts, Fortune 500), Cadbury Schweppes (Charts), General Motors (Charts, Fortune 500), Google (Charts, Fortune 500), Goldman Sachs (Charts, Fortune 500) and Cardinal Health (Charts, Fortune 500). Top of page

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