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U.S. stocks open lower after falling last week

Clyde Edgerton by Clyde Edgerton
July 10, 2023
in Markets
U.S. stocks open lower after falling last week
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U.S. stocks opened mostly lower Monday, after slipping last week, as investors await remarks from Federal Reserve officials. The Dow Jones Industrial Average
DJIA,
+0.49%
was down 0.1% soon after the opening bell, while the S&P 500
SPX,
+0.20%
slipped 0.1% and the Nasdaq Composite
COMP,
+0.12%
fell 0.1%, according to FactSet data, at last check. Fed officials including Vice Chair Michael Barr, San Francisco Fed President Mary Daly and Cleveland Fed President Loretta Mester are scheduled to speak Monday. The Dow, S&P 500 and Nasdaq each closed lower on Friday, as investors digested a Labor Department report for June that showed a slowdown in job creation, robust wage growth and a low unemployment rate. All three major benchmarks fell last week, with the Dow booking its biggest weekly decline since March, according to Dow Jones Market Data.



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