US open: Stocks extend losses at the bell
Wall Street stocks opened lower on Friday, putting major indices firmly on track for a losing week.
As of 1515 BST, the Dow Jones Industrial Average was down 0.90% at 30,683.35, while the S&P 500 was 1.22% weaker at 3,853.79 and the Nasdaq Composite came out the gate 1.61% softer at 11,366.74.
The Dow opened 278.47 points lower on Friday, extending losses recorded in the previous session as market participants digested a number of key data points.
FedEx was in at the open, with shares heading south after the shipping giant withdrew full-year guidance and said it had been forced to implement cost-cutting initiatives in order to combat soft global shipment volumes amid "significantly" worsening macroeconomic trends.
On the macro front, a preliminary reading of the University of Michigan's consumer sentiment index rose to a five-month high of 59.5 in September, up from 58.2 in August but short of forecasts for a reading of 60.
No major earnings were slated for release on Friday.
Reporting by Iain Gilbert at Sharecast.com
Dow Jones - Risers
Johnson & Johnson (JNJ) $166.87 1.08%
Merck & Co. Inc. (MRK) $87.68 1.07%
Amgen Inc. (AMGN) $229.13 0.65%
McDonald's Corp. (MCD) $254.85 0.54%
3M Co. (MMM) $116.79 0.32%
Coca-Cola Co. (KO) $59.64 0.18%
Walgreens Boots Alliance, Inc. (WBA) $34.29 0.18%
Home Depot Inc. (HD) $271.87 0.12%
Procter & Gamble Co. (PG) $137.54 0.07%
Dowdupont Inc. (DWDP) $0.00 0.00%
Dow Jones - Fallers
Boeing Co. (BA) $142.07 -5.14%
American Express Co. (AXP) $151.00 -3.29%
Salesforce.Com Inc. (CRM) $150.34 -2.87%
Goldman Sachs Group Inc. (GS) $322.29 -2.81%
Walt Disney Co. (DIS) $107.70 -2.77%
Dow Chemical Co. (DOW) $45.79 -2.38%
Visa Inc. (V) $190.79 -2.34%
Apple Inc. (AAPL) $148.82 -2.33%
Caterpillar Inc. (CAT) $178.77 -2.04%
Chevron Corp. (CVX) $157.42 -1.99%
S&P 500 - Risers
Regeneron Pharmaceuticals Inc. (REGN) $717.70 1.68%
FirstEnergy Corp. (FE) $41.02 1.48%
AutoZone Inc. (AZO) $2,173.45 1.33%
AbbVie Inc (ABBV) $144.30 1.26%
Comcast Corp. (CMCSA) $34.39 1.15%
Dollar Tree Inc (DLTR) $139.50 1.13%
Johnson & Johnson (JNJ) $166.87 1.08%
Merck & Co. Inc. (MRK) $87.68 1.07%
Pfizer Inc. (PFE) $46.41 1.02%
Vertex Pharmaceuticals Inc. (VRTX) $290.53 0.99%
S&P 500 - Fallers
FedEx Corp. (FDX) $157.74 -23.00%
Westrock Company (WRK) $34.84 -9.69%
International Paper Co. (IP) $35.89 -9.55%
Packaging Corp. Amer (PKG) $120.75 -8.99%
Svb Financial Group (SIVB) $356.43 -5.96%
Nektar Therapeutics (NKTR) $3.46 -5.46%
United Parcel Service Inc. (UPS) $175.03 -5.39%
Celanese Corp. (CE) $101.54 -5.28%
Boeing Co. (BA) $142.07 -5.14%
Coterra Energy Inc. (CTRA) $29.27 -4.86%
Nasdaq 100 - Risers
Regeneron Pharmaceuticals Inc. (REGN) $717.70 1.68%
Comcast Corp. (CMCSA) $34.39 1.15%
Dollar Tree Inc (DLTR) $139.50 1.13%
Vertex Pharmaceuticals Inc. (VRTX) $290.53 0.99%
O'Reilly Automotive Inc. (ORLY) $693.64 0.69%
Amgen Inc. (AMGN) $229.13 0.65%
Texas Instruments Inc (TXN) $163.45 0.48%
Gilead Sciences Inc. (GILD) $65.22 0.34%
Verisk Analytics Inc. (VRSK) $184.50 0.28%
Mondelez International Inc. (MDLZ) $59.69 0.20%
Nasdaq 100 - Fallers
Trip.com Group Limited (TCOM) $25.02 -5.44%
Expedia Group Inc. (EXPE) $102.56 -4.85%
Adobe Systems Inc. (ADBE) $294.24 -4.82%
Autodesk Inc. (ADSK) $192.66 -4.29%
Paypal Holdings Inc (PYPL) $92.43 -4.12%
Amazon.Com Inc. (AMZN) $121.10 -4.10%
Baidu Inc. (BIDU) $122.17 -4.04%
Mercadolibre Inc. (MELI) $927.42 -3.97%
Illumina Inc. (ILMN) $194.00 -3.95%
Qurate Retail Inc. (QRTEA) $2.58 -3.92%