U.S. stocks open lower as S&P 500 heads for weekly loss

U.S. stocks opened lower on Friday, leaving them on track for weekly declines after a rise in Treasury yields. The Dow Jones Industrial Average DJIA, -0.06% was down 0.1% soon after the opening bell, while the S&P 500 SPX, -0.22% fell 0.1% and the Nasdaq Composite COMP, -0.50% dropped 0.2%, according to FactSet data, at last check. Treasury yields were down on Friday morning but still up for the week, with the 10-year rate trading at around 4.

94%, according to FactSet data, at last check. Investors are expecting the Federal Reserve will keep its benchmark interest rate at the current target range of 5.25% to 5.5% at its policy meeting in early November. Cleveland Fed President Loretta Mester is scheduled to speak around midday on Friday Eastern Time. For the week, the Dow is on track to decline almost 1%, the S&P is on pace to fall 1.3% and the Nasdaq is heading for a drop of almost 2%, FactSet data show, at last check.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks open lower as investors weigh Morgan Stanley earnings, housing-market dataChristine Idzelis is a markets reporter at MarketWatch and is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. stocks end lower, S&P 500 logs third straight day of losses after Fed Chair Powell remarksChristine Idzelis is a markets reporter at MarketWatch and is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »

How Deep Will the Current Stock Market Drawdown Go?Stocks Analysis by James Picerno covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read James Picerno's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »