US stocks fell at the open on Friday after reports that Standard & Poor's was set to downgrade the ratings on several Eurozone countries.
The Dow Jones Industrial Average was down 86.05 points, or 0.69%, at 12,384.97. The Standard & Poor's 500 Index took off 10.42 points, or 0.80%, at 1,285.08. The Nasdaq Composite Index dropped 20.99 points, or 0.77%, at 2,703.71.
A senior Eurozone source said S&P would announce the downgrades of several nations later Friday, adding that Germany was not one of them.