Wall Street Edges Lower; Lyft Sinks on Dour Outlook

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York City on Jan. 5, 2023. Andrew Kelly/Reuters

U.S. main stock indexes opened lower on Friday, with megacap growth companies under pressure after Treasury yields extended gains, while shares of Lyft plunged as the ride-hailing firm forecast current-quarter profit well below estimates.

The Dow Jones Industrial Average fell 28.34 points, or 0.08 percent, at the open to 33,671.54.