NEW YORK (AP) — Stocks opened lower on Wall Street Friday, with the Dow pulling back from close to a record, as automatic government spending cuts are about to kick in.
The Dow Jones industrial average fell 35 points, or 0.3 percent, to 14,019 points as of 10 a.m. EST. The index came within 15 points of its record close of 14,164 Thursday afternoon, before momentum petered out in late trading, leaving the index lower for the day.
The Standard & Poor's 500 index was down six points, or 0.4 percent, at 1,509. The Nasdaq composite fell 17 points, or 0.5 percent, to 3,142.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
