U.S. stocks open lower after S&P 500 logs three straight weeks of losses

U.S. stocks opened lower Monday, extending last week’s losses as Treasury yields climbed. The Dow Jones Industrial Average
DJIA,
-0.07%
was down 0.2% soon after the opening bell, while the S&P 500
SPX,
+0.23%
shed 0.2% and the Nasdaq Composite
COMP,
+0.34%
slid 0.3%, according to FactSet data, at last check. On Friday, the S&P 500 and Nasdaq each booked a third-straight weekly decline as rising bond yields hurt equities in the wake of the Federal Reserve’s policy meeting. The yield on the 10-year Treasury note was up nine basis points at around 4.53% on Monday morning, FactSet data show, at last check.