Major US stock indices open the day (and the holiday shortened week) in the red

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The major US stock indices are opening the day and holiday shortened week in the red. The declines are led by the Dow 30 stocks which are down over 400 points in early trading. Within the Dow 30, Johnson & Johnson is down -2.57%. Coca-Cola is down -2.3%, and 3M is down -2.19%. The Dow leader is Chevron which is up 0.94% and the only stock within the Dow 30 stocks to be up on the day. Oil prices have moved higher as the EU agree to a Russian oil embargo at the end of the year.

A snapshot of the market 11 minutes into the opening is showing:

• Dow industrial average -445.62 points or -1.34% at 32767.25
• S&P -49.16 points or -1.18% at 4109.07
• NASDAQ index -123.61 points or -1.02% at 12007.52
• Russell 2000-17.25 points or -0.91% at 1870.64