Opening Bell: Stocks Look to Head Into the Weekend Lower

Stocks are slightly lower at the opening bell Friday despite this week's key economic data showing health in consumer spending.
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Stocks are slightly lower at the opening bell Friday despite this week's key economic data showing health in consumer spending. Americans were in a shopping mood in last month, especially for autos. The Commerce Department said retail sales climbed in August at the fastest pace in four months. The increase was in-line with economists' expectations at 0.6%. July sales were also revised to up 0.3% versus the flat previous reading. Separately, The Labor Department said import prices fell almost 1% in August. That's the biggest drop in nine months. Hertz Global (HTZ) struck a deal with activist investor Carl Icahn. The agreement will allow Icahn to replace three directors from the rental car company's board. Darden Restaurants (DRI) beat Wall Street's expectations by a penny with its quarterly earnings. The operator of casual dining chains like the Olive Garden said they're pleased with improvements seen recently but there's still more work to do.