U.S. stocks sag at open, Dow drops more than 1 pct

Newswire

(Updates with open) NEW YORK, Sept 27 (Reuters) - Stocks fell at Friday's open after bearish investment calls on conglomerate General Electric Co. and a disappointing forecast from cigarette maker Philip Morris Cos. Inc. stoked fears over corporate profit growth. The blue-chip Dow Jones industrial average fell 106 points, or 1.33 percent, to 7,890, after a two-day run-up. The broad Standard & Poor's 500 Index lost 10 points, or 1.19 percent, to 844. The Nasdaq Composite Index dropped ...

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