US open: Stocks mixed as Q3 draws to a close

Wall Street stocks traded mostly lower early on Friday as major indices look set to wrap up a brutal quarter with further losses.

As of 1530 BST, the Dow Jones Industrial Average was up down 0.30% at 29,137.41, while the S&P 500 was flat at 3,640.49 and the Nasdaq-100 was 0.40% firmer at 10,780.12.

The Dow opened 88.20 points lower on Friday, extending losses recorded in the previous session as market participants continued to be concerned about future rate-hiking decisions from the Federal Reserve and the resulting impact on stocks.

With September set to draw to a close, both the Dow Jones and S&P 500 were down more than 7% for the month - the worst monthly performance for the blue-chip Dow Jones since March 2020 and the biggest one-month decline for the S&P 500 since June. The Nasdaq, meanwhile, was on track for its steepest monthly loss since April.

On the macro front, last month's personal consumption expenditure price index increased 0.3% month-on-month, according to the Bureau of Economic Analysis, with prices for goods dropping 0.3% and prices for services increasing 0.6% month-on-month. Elsewhere, personal income rose by 0.3% from a month earlier in August, the same pace as in July and in line with market expectations, while personal spending rose 0.4% month-on-month, beating market forecasts of a 0.2% gain.

Still to come, the University of Michigan's consumer sentiment index was revised lower to 58.6 in September, down from a preliminary reading of 59.5 but still above the 58.2 recorded in August.

A number of Federal Reserve bankers will deliver speeches throughout the course of the day, with Thomas Barkin, Lael Brainard, Loretta Mester, John Williams, and Michelle Bowman all speaking on Friday.

No major corporate earnings were slated for release on Friday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Travelers Company Inc. (TRV) $156.17 0.96%
Unitedhealth Group Inc. (UNH) $513.17 0.85%
Microsoft Corp. (MSFT) $238.98 0.62%
Cisco Systems Inc. (CSCO) $40.81 0.58%
Dow Chemical Co. (DOW) $44.40 0.54%
Goldman Sachs Group Inc. (GS) $297.59 0.50%
Caterpillar Inc. (CAT) $166.72 0.49%
JP Morgan Chase & Co. (JPM) $106.68 0.49%
Salesforce.Com Inc. (CRM) $147.40 0.40%
Coca-Cola Co. (KO) $56.72 0.27%

Dow Jones - Fallers

Nike Inc. (NKE) $85.10 -10.74%
Walmart Inc. (WMT) $130.51 -1.32%
Walt Disney Co. (DIS) $96.25 -1.23%
Amgen Inc. (AMGN) $226.66 -0.77%
Verizon Communications Inc. (VZ) $38.38 -0.67%
Boeing Co. (BA) $124.56 -0.61%
Chevron Corp. (CVX) $143.91 -0.59%
Apple Inc. (AAPL) $141.67 -0.57%
Procter & Gamble Co. (PG) $128.00 -0.54%
American Express Co. (AXP) $137.25 -0.39%

S&P 500 - Risers

Nektar Therapeutics (NKTR) $3.16 4.11%
Nucor Corp. (NUE) $108.45 3.00%
Western Digital Corp. (WDC) $33.13 2.95%
National Oilwell Varco Inc. (NOV) $16.18 2.83%
Interpublic Group of Companies Inc. (IPG) $26.33 2.65%
Fluor Corp. (FLR) $25.04 2.45%
Mattel Inc. (MAT) $19.21 2.45%
Omnicom Group Inc. (OMC) $64.93 2.32%
Citizens Financial Group, Inc. (CFG) $34.60 2.22%
Regions Financial Corp. (RF) $20.29 2.11%

S&P 500 - Fallers

Carnival Corp. (CCL) $7.57 -17.41%
Nike Inc. (NKE) $85.10 -10.74%
Norwegian Cruise Line Holdings Ltd (NCLH) $12.40 -10.50%
Royal Caribbean Cr (RCL) $40.42 -7.38%
Under Armour Inc. Class A (UAA) $6.87 -6.78%
Under Armour, Inc. (UA) $6.14 -5.54%
AbbVie Inc (ABBV) $136.02 -4.69%
Foot Locker Inc. (FL) $31.22 -4.53%
Illumina Inc. (ILMN) $187.05 -3.49%
Gap Inc. (GPS) $8.19 -2.38%

Nasdaq 100 - Risers

Western Digital Corp. (WDC) $33.13 2.95%
Micron Technology Inc. (MU) $51.03 2.04%
Expedia Group Inc. (EXPE) $95.65 1.53%
Marriott International - Class A (MAR) $142.57 1.47%
Take-Two Interactive Software Inc. (TTWO) $110.14 1.43%
Meta Platforms Inc. (META) $138.33 1.40%
Nvidia Corp. (NVDA) $123.87 1.37%
Intuitive Surgical Inc. (ISRG) $191.38 1.23%
Adobe Systems Inc. (ADBE) $281.55 1.19%
Align Technology Inc. (ALGN) $213.51 1.18%

Nasdaq 100 - Fallers

Qurate Retail Inc. (QRTEA) $2.04 -3.77%
Illumina Inc. (ILMN) $187.05 -3.49%
Asml Holdings N.V. (ASML) $417.60 -2.38%
JD.com, Inc. (JD) $50.10 -2.24%
Applied Materials Inc. (AMAT) $82.72 -2.01%
Biogen Inc (BIIB) $259.39 -1.85%
Netflix Inc. (NFLX) $235.35 -1.82%
Lam Research Corp. (LRCX) $365.58 -1.34%
Skyworks Solutions Inc. (SWKS) $88.21 -1.18%
Mondelez International Inc. (MDLZ) $56.03 -1.13%