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Updated from 9:09 a.m. EST
Stocks in New York sagged at the open Friday as traders sought to lock in some of their gains following a sharp rally late Thursday and as credit troubles continued to rock the hurting financial sector.
The Dow Jones Industrial Average was losing 128 points to 8707, and the S&P 500 was giving back 16 points to 896. The Nasdaq shed 32 points to 1565.
On Thursday, stocks staged an afternoon comeback off steep morning losses stemming from a high unemployment number and bearish corporate earnings. The Dow ended up more than 500 points. ...
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