U.S. stocks traded lower Friday amid further declines in oil prices as global benchmark yields extended their recent slide. The Dow Jones industrial average fell more than 100 points in morning trade with Goldman Sachs and 3M having the greatest negative impact. The German 10-year bund yield hit a fresh all-time low of 0.018 percent early Friday, down sharply from Monday's levels of around 0.070 percent. The Japanese 10-year yield hit a record negative low of minus 0.13 percent. The U.S. 10-year Treasury yield was around its lowest of the year so far, last trading near 1.65 percent, while the 2-year yield was near 0.75 percent. Amid the decline in yields so far this week, the major U.S. indexes have held most of their recent gains, with the Dow Jones industrial average on pace for a weekly gain of 1 percent. "We're in a little bit of a seesaw environment right now where they're trying to read the tea leaves," said Greg Braca, head of corporate and specialty banking. "We think the U.S. will continue to be an outlier in terms of real growth," he said. U.S. crude oil futures traded more than 1.5 percent lower below $50 a barrel as of 9:21 a.m. ET. The weekly oil rig count is due later in the afternoon and will be watched to see if they show increased activity among U.S. producers. In other economic news, consumer sentiment is due at 10 a.m. ET. The U.S. dollar index traded about a third of a percent higher, with the euro near $1.13 and the yen near 106.9 yen against the greenback.

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