U.S. stocks opened mostly higher Friday, but were on pace for weekly losses after a rise in Treasury yields following the Federal Reserve’s policy meeting. The Dow Jones Industrial Average DJIA, +0.02% was down 0.1% soon after the opening bell, while the S&P 500 SPX, +0.21% gained 0.2% and the Nasdaq Composite COMP, +0.31% rose 0.4%, according to FactSet data, at last check.
All three major stock benchmarks were heading for weekly losses, with the S&P 500 and technology-heavy Nasdaq on track for a third straight week of declines in the wake of the Fed’s meeting that concluded on Wednesday. The yield on the 10-year Treasury note was little changed on Friday morning at around 4.48%, after on Thursday jumping to the highest level since October 2007.
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