US open: Stocks register early losses following sixth-straight losing week for Dow

Wall Street stocks were firmly in the red yet again on Monday following a sixth-straight losing week for the blue-chip Dow Jones.

As of 1520 BST, the Dow Jones Industrial Average was down 1.09% at 32,541.56, while the S&P 500 was 1.78% weaker at 4,050.01 and the Nasdaq-100 futures came out the gate 2.39% softer at 11,854.58.

The Dow opened 357.81 points lower on Monday, extending losses recorded in the previous session despite a slightly better than expected nonfarm payrolls report.

Shares in several big-tech names were trading lower early on Monday following a wild week on the Street as market participants weighed up both rising interest rates and the potential for slower economic growth.

Also in focus, the yield on the benchmark 10-year Treasury note eased off slightly to 3.117% shortly after the opening bell.

On the macro front, US wholesale inventories increased 2.3% month-on-month in March to $840.3bn, according to the Census Bureau, while February's increase was revised to 2.8% to $821.1bn.

In the corporate space, carmaker Ford announced over the weekend that will sell 8.0m shares in Rivian Automotive, while Palantir stock slumped 21% after issuing weak revenue guidance.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Home Depot Inc. (HD) $296.39 0.71%
Walgreens Boots Alliance, Inc. (WBA) $44.28 0.66%
Walmart Inc. (WMT) $150.37 0.54%
Travelers Company Inc. (TRV) $172.43 0.46%
Verizon Communications Inc. (VZ) $48.36 0.19%
3M Co. (MMM) $149.79 0.17%
Honeywell International Inc. (HON) $230.94 0.00%
Dowdupont Inc. (DWDP) $30.52 0.00%
Coca-Cola Co. (KO) $64.62 -0.19%
Amgen Inc. (AMGN) $235.85 -0.27%

Dow Jones - Fallers

Boeing Co. (BA) $142.95 -4.00%
Chevron Corp. (CVX) $165.34 -3.13%
Visa Inc. (V) $197.28 -2.73%
Microsoft Corp. (MSFT) $267.87 -2.50%
Apple Inc. (AAPL) $153.38 -2.48%
International Business Machines Corporation (CDI) (IBM) $134.70 -2.16%
Caterpillar Inc. (CAT) $210.57 -1.90%
American Express Co. (AXP) $164.10 -1.83%
Walt Disney Co. (DIS) $108.74 -1.41%
Unitedhealth Group Inc. (UNH) $492.68 -1.39%

S&P 500 - Risers

HF Sinclair Corporation (DINO) $44.54 4.37%
Charter Communications Inc. (CHTR) $475.49 3.42%
United Rentals Inc. (URI) $300.94 1.85%
PulteGroup Inc. (PHM) $43.55 1.78%
Clorox Co. (CLX) $156.64 1.75%
Sherwin-Williams Co. (SHW) $277.96 1.68%
Under Armour, Inc. (UA) $10.01 1.62%
Lennar Corp. Class A (LEN) $79.82 1.62%
Whirlpool Corp. (WHR) $193.94 1.49%
Lowe's Companies Inc. (LOW) $195.08 1.45%

S&P 500 - Fallers

Illumina Inc. (ILMN) $229.15 -7.99%
Nektar Therapeutics (NKTR) $4.03 -7.47%
CF Industries Holdings Inc. (CF) $93.68 -6.15%
Marathon Oil Corp. (MRO) $26.53 -5.74%
Apache Corp. (APA) $41.66 -5.55%
Coterra Energy Inc. (CTRA) $30.81 -5.34%
Occidental Petroleum Corp. (OXY) $61.54 -5.24%
Mosaic Company (MOS) $60.77 -5.13%
FMC Technologies Inc. (FTI) $7.37 -5.12%
Carnival Corp. (CCL) $15.16 -4.74%

Nasdaq 100 - Risers

Charter Communications Inc. (CHTR) $475.49 3.42%
Cognizant Technology Solutions Corp. (CTSH) $76.50 1.30%
Kraft Heinz Co. (KHC) $44.05 1.06%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $393.07 0.93%
Comcast Corp. (CMCSA) $40.35 0.88%
PACCAR Inc. (PCAR) $85.09 0.70%
Micron Technology Inc. (MU) $70.83 0.68%
Walgreens Boots Alliance, Inc. (WBA) $44.28 0.66%
Western Digital Corp. (WDC) $59.67 0.36%
Gilead Sciences Inc. (GILD) $61.36 0.29%

Nasdaq 100 - Fallers

Mercadolibre Inc. (MELI) $851.61 -8.19%
Illumina Inc. (ILMN) $229.15 -7.99%
JD.com, Inc. (JD) $51.75 -6.94%
Baidu Inc. (BIDU) $109.82 -5.94%
Trip.com Group Limited (TCOM) $20.21 -5.12%
Workday, Inc. (WDAY) $180.66 -4.64%
Intuit Inc. (INTU) $377.46 -4.61%
Booking Holdings Inc. (BKNG) $2,095.70 -4.49%
Asml Holdings N.V. (ASML) $527.24 -4.31%
Intuitive Surgical Inc. (ISRG) $215.36 -4.22%