The benchmark S&P 500 and the tech-heavy Nasdaq opened on a muted note on Friday, as investors adopted a cautious stance ahead of the release of key economic data that could impact market sentiment.
In a notable shift, planemaker Boeing saw its shares decline sharply after the company issued a warning regarding a potential drop in quarterly profits, raising concerns among investors about the company’s financial outlook.
At the opening bell, the Dow Jones Industrial Average experienced a slight decline, falling by 31.3 points, or 0.07%, settling at 44,533.75. Meanwhile, the S&P 500 managed a modest increase, rising by 2.7 points, or 0.04%, to reach 6,121.43. The Nasdaq Composite, reflecting its tech-driven nature, also saw an uptick, rising by 33.4 points, or 0.17%, to 20,087.105.
Investors are closely monitoring economic indicators set to be released soon, which may provide insights into the overall health of the economy and influence trading decisions in the days ahead.
