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.
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