Wall Street stocks opened lower on Monday as Treasury yields continued to move higher ahead of the Q1 earnings season.
As of 1525 BST, the Dow Jones Industrial Average was down 0.20% at 34,651.21, while the S&P 500 was 0.83% weaker at 4,451.05 and the Nasdaq Composite came out the gate 1.27% softer at 13,536.39.
The Dow Jones opened 69.91 points lower on Monday following a losing week for major indices as fears regarding a more aggressive stance against inflation by the Federal Reserve weighed on sentiment.
Treasury yields were in focus at the open on Monday after the yield benchmark 10-year note hit a three-year high on Friday and was hovering at around 2.752% prior to the open.
Covid-19 related lockdowns in China and the Russia-Ukraine conflict were also drawing an amount of investor attention at the start of trading.
On the macro front, no data points were scheduled for release on Monday but Federal Reserve presidents Raphael Bostic and Charles Evans will deliver speeches throughout the course of the day, as will governor Michelle Bowman.
While no major earnings were slated for publication on Monday, first-quarter earnings season will kick off later in the week, with bank JPMorgan Chase and carrier Delta both set to report results on Wednesday.
Dow Jones – Risers
Boeing Co. (BA) $178.34 1.79%
Verizon Communications Inc. (VZ) $54.25 1.34%
Goldman Sachs Group Inc. (GS) $325.35 1.23%
Walgreens Boots Alliance, Inc. (WBA) $45.96 1.19%
3M Co. (MMM) $151.48 1.11%
Travelers Company Inc. (TRV) $186.29 0.77%
Dow Chemical Co. (DOW) $61.99 0.50%
Amgen Inc. (AMGN) $253.07 0.42%
JP Morgan Chase & Co. (JPM) $134.00 0.38%
Home Depot Inc. (HD) $312.02 0.29%
Dow Jones – Fallers
Microsoft Corp. (MSFT) $286.43 -3.55%
Apple Inc. (AAPL) $166.86 -1.90%
Cisco Systems Inc. (CSCO) $53.26 -1.87%
Nike Inc. (NKE) $125.94 -1.72%
Chevron Corp. (CVX) $167.12 -1.65%
American Express Co. (AXP) $180.84 -1.56%
Salesforce.Com Inc. (CRM) $194.55 -1.33%
Visa Inc. (V) $215.20 -0.82%
Johnson & Johnson (JNJ) $181.32 -0.44%
International Business Machines Corporation (CDI) (IBM) $127.20 -0.41%
S&P 500 – Risers
Macy’s Inc. (M) $24.81 4.55%
Gap Inc. (GPS) $13.90 4.43%
Ross Stores Inc. (ROST) $100.89 4.18%
Nordstrom Inc. (JWN) $28.67 4.07%
Delta Airlines Inc. (DAL) $38.11 3.73%
Regions Financial Corp. (RF) $21.46 3.42%
Ford Motor Co. (F) $15.56 3.39%
PVH Corp. (PVH) $75.25 3.30%
American Airlines Group (AAL) $17.12 3.19%
Foot Locker Inc. (FL) $29.70 3.16%
S&P 500 – Fallers
AT&T Inc. (T) $19.35 -19.82%
Occidental Petroleum Corp. (OXY) $58.88 -4.73%
Nvidia Corp. (NVDA) $220.54 -4.61%
Apache Corp. (APA) $41.22 -4.18%
Diamondback Energy Inc. (FANG) $136.51 -3.86%
ConocoPhillips (COP) $99.21 -3.73%
Advanced Micro Devices Inc. (AMD) $97.32 -3.64%
Microsoft Corp. (MSFT) $286.43 -3.55%
Idexx Laboratories Inc. (IDXX) $527.79 -3.53%
Msci Inc. (MSCI) $491.00 -3.06%
Nasdaq 100 – Risers
Ross Stores Inc. (ROST) $100.89 4.18%
NetEase Inc. Ads (NTES) $96.44 3.66%
American Airlines Group (AAL) $17.12 3.19%
Qurate Retail Inc. (QRTEA) $4.75 1.98%
Vodafone Group Plc ADS (VOD) $17.31 1.91%
Ulta Salon, Cosmetics & Fragrance Inc. (ULTA) $408.90 1.83%
Charter Communications Inc. (CHTR) $567.22 1.73%
PACCAR Inc. (PCAR) $84.44 1.68%
JD.com, Inc. (JD) $57.40 1.52%
Booking Holdings Inc. (BKNG) $2,197.41 1.38%
Nasdaq 100 – Fallers
Nvidia Corp. (NVDA) $220.54 -4.61%
Microsoft Corp. (MSFT) $286.43 -3.55%
Idexx Laboratories Inc. (IDXX) $527.79 -3.53%
Intuitive Surgical Inc. (ISRG) $282.29 -2.61%
Tesla Inc (TSLA) $999.28 -2.56%
Adobe Systems Inc. (ADBE) $434.60 -2.41%
Hologic Inc. (HOLX) $78.07 -2.40%
Cadence Design Systems Inc. (CDNS) $154.68 -2.25%
Intuit Inc. (INTU) $472.38 -2.17%
Synopsys Inc. (SNPS) $313.17 -2.08%
