Investor Alert

New York Markets After Hours

Market Pulse Archives

Sept. 23, 2022, 9:35 a.m. EDT

U.S. stocks open lower Friday, head for weekly losses after surge in Treasury yields

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Dow Jones Industrial Average (DJIA)
  • X
    S&P 500 Index (SPX)
  • X
    NASDAQ Composite Index (COMP)

or Cancel Already have a watchlist? Log In

By Christine Idzelis

U.S. stocks opened sharply lower Friday, with all three major benchmarks heading for weekly losses in the wake of the Federal Reserve's large interest rate hike and a surge in Treasury yields. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -1.40% was down around 1% soon after the opening bell, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.79% dropped 1.1% and the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -1.93% dropped 1.1%, according to FactSet data, at last check. The yield on the 10-year Treasury note was up 2 basis points Friday morning at 3.71% after climbing Thursday to the highest level since February 2011, according to Dow Jones Market Data. Growth and technology stocks are particularly vulnerable to rising rates. The Dow is on track to fall 3.4% this week, while the S&P 500 is heading for a 4.1% drop and the tech-heavy Nasdaq is on pace to drop 4.4%, FactSet data show, at last check.

US : Dow Jones Global
-482.78 -1.40%
Volume: 0.00
Dec. 5, 2022 5:05p
-72.86 -1.79%
Volume: 0.00
Dec. 5, 2022 5:05p
US : Nasdaq
-221.56 -1.93%
Volume: 4.57B
Dec. 5, 2022 5:16p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.