US open: S&P 500 and Nasdaq on track for fourth straight losing week

9th Aug 2024 14:12

(Sharecast News) - US stocks were lower early on Friday after market participants bought the dip in the previous session

As of 1535 BST, the Dow Jones Industrial Average was down 0.28% at 39,336.99, while the S&P 500 lost 0.15% to 5,311.13 and the Nasdaq Composite came out the gate 0.31% weaker at 16,609.04.

The Dow opened 109.50 points lower on Friday, taking a small bite out of gains recorded in the previous session after weekly jobless claims numbers from the Labor Department seemingly eased investors' concerns regarding a potential US recession.

Major indices were all on track to register a losing week, with both the S&P 500 and Nasdaq-100 set the turn in their fourth consecutive weekly loss, after disappointing payrolls data last Friday led to a steep global sell-off on Monday.

In the corporate space, Paramount Global shares traded higher at the open on Friday after posting quarterly adjusted earnings that came in ahead of estimates and revealing that it would cut roughly 15% of its US-based workforce, while Expedia was in the red after telling investors that it had experienced a softening in travel demand during July amid a more challenging macro environment.

No major data points were scheduled for release on Friday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Intel Corp. (INTC) $19.84 4.25%

Amgen Inc. (AMGN) $321.68 2.06%

Apple Inc. (AAPL) $214.15 1.55%

American Express Co. (AXP) $235.60 0.88%

Salesforce.Com Inc. (CRM) $251.10 0.79%

Microsoft Corp. (MSFT) $404.47 0.76%

Cisco Systems Inc. (CSCO) $45.96 0.63%

JP Morgan Chase & Co. (JPM) $205.20 0.56%

Walmart Inc. (WMT) $67.96 0.44%

Visa Inc. (V) $260.33 0.19%

Dow Jones - Fallers

Walt Disney Co. (DIS) $84.88 -1.26%

3M Co. (MMM) $123.86 -1.01%

McDonald's Corp. (MCD) $268.93 -0.83%

Unitedhealth Group Inc. (UNH) $561.63 -0.81%

Dow Chemical Co. (DOW) $52.28 -0.74%

Chevron Corp. (CVX) $143.45 -0.72%

Merck & Co. Inc. (MRK) $113.11 -0.72%

Travelers Company Inc. (TRV) $210.43 -0.59%

International Business Machines Corporation (CDI) (IBM) $191.60 -0.52%

Caterpillar Inc. (CAT) $334.59 -0.47%

S&P 500 - Risers

Expedia Group Inc. (EXPE) $127.53 12.19%

Akamai Technologies Inc. (AKAM) $100.50 8.19%

Bread Financial Holdings, Inc. (BFH) $51.53 7.95%

Dxc Technology Company (DXC) $19.52 6.49%

Eli Lilly and Company (LLY) $896.78 6.09%

Nvidia Corp. (NVDA) $105.30 5.21%

Micron Technology Inc. (MU) $93.27 4.66%

Regeneron Pharmaceuticals Inc. (REGN) $1,121.21 4.63%

Broadcom Inc. (AVGO) $147.22 4.57%

Take-Two Interactive Software Inc. (TTWO) $142.74 4.37%

S&P 500 - Fallers

Sealed Air Corp. (SEE) $32.48 -8.66%

Hanesbrands Inc. (HBI) $5.89 -4.07%

Brighthouse Financial, Inc. (BHF) $42.06 -3.22%

Amer Water Works (AWK) $140.99 -2.57%

Ralph Lauren Corp (RL) $158.03 -2.22%

Perrigo Company plc (PRGO) $27.33 -2.06%

TripAdvisor Inc. (TRIP) $13.61 -1.91%

CF Industries Holdings Inc. (CF) $78.11 -1.79%

Bath & Body Works, Inc. (BBWI) $31.27 -1.73%

Vornado Realty Trust (VNO) $30.98 -1.71%

Nasdaq 100 - Risers

Expedia Group Inc. (EXPE) $127.53 12.19%

Nvidia Corp. (NVDA) $105.30 5.21%

Micron Technology Inc. (MU) $93.27 4.66%

Regeneron Pharmaceuticals Inc. (REGN) $1,121.21 4.63%

Broadcom Inc. (AVGO) $147.22 4.57%

Take-Two Interactive Software Inc. (TTWO) $142.74 4.37%

Synopsys Inc. (SNPS) $521.00 4.28%

Intel Corp. (INTC) $19.84 4.25%

Illumina Inc. (ILMN) $125.44 3.75%

KLA-Tencor Corp. (KLAC) $743.78 3.58%

Nasdaq 100 - Fallers

Qurate Retail Inc. (QRTEA) $0.65 -8.82%

Sirius XM Holdings Inc (SIRI) $3.11 -2.05%

J.B. Hunt Transport Services Inc. (JBHT) $161.49 -1.70%

Gilead Sciences Inc. (GILD) $73.32 -1.39%

Wynn Resorts Ltd. (WYNN) $75.07 -1.32%

Dollar Tree Inc (DLTR) $95.00 -0.86%

CSX Corp. (CSX) $33.76 -0.85%

Biogen Inc (BIIB) $201.50 -0.69%

Starbucks Corp. (SBUX) $75.07 -0.62%

Alphabet Inc. Class A (GOOGL) $160.17 -0.53%