JP Morgan sends Wall Street lower

Dow Jones opened 69 points down at 12,785

US stocks fell at the open on Friday after JPMorgan Chase & Co revealed a trading loss of at least $2 billion from a failed hedging strategy, dragging bank shares lower.

The Dow Jones industrial average was down 69.63 points, or 0.54%, at 12,785.41. The Standard & Poor's 500 Index was down 8.09 points, or 0.60%, at 1,349.90. The Nasdaq Composite Index was down 11.95 points, or 0.41%, at 2,921.69.