S&P 500, Dow Muted at Open as Rate-Cut Cheer Ebbs

S&P 500, Dow Muted at Open as Rate-Cut Cheer Ebbs
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Dec. 13, 2023. Brendan McDermid/Reuters
Reuters
Updated:
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The S&P 500 and the Dow edged lower at market open on Friday after comments from a U.S. Federal Reserve official dampened recent upbeat sentiment.

The Dow Jones Industrial Average fell 53.85 points, or 0.14 percent, at the open to 37,194.50.

The S&P 500 opened lower by 5.32 points, or 0.11 percent, at 4,714.23, while the Nasdaq Composite gained 35.90 points, or 0.24 percent, to 14,797.46 at the opening bell.