Wall Street opens lower after GDP data

US stocks opened lower on Friday after data showed the US economy grew less than expected in the fourth quarter, while weak earnings from Ford and Procter & Gamble and Eurozone debt worries also weighed on the market.

The Dow Jones Industrial Average lost 23.54 points, or 0.18%, at 12,711.09. The Standard & Poor's 500 Index fell 2.99 points, or 0.23%, at 1,315.44. The Nasdaq Composite Index dropped 6.79 points, or 0.24%, at 2,798.49.