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Stocks open lower

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Published: Sept. 27, 2002 at 10:00 AM
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NEW YORK, Sept. 27 (UPI) -- Stock prices on the New York Stock Exchange and the Nasdaq Stock Market were lower in moderate trading Friday after Philip Morris warned of slower earnings growth due to weak sales and higher promotional costs. The Dow Jones industrial average was down 61.20 points to 7,935.90 shortly after the opening bell. The Nasdaq composite index was down 7.59 points to 1,214.02.

© 2002 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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