U.S. stock markets opened lower on Friday, September 20, as investors took a step back following a surge in the previous session, which was driven by the Federal Reserve’s significant 50 basis point rate cut on Wednesday.
U.S. stock markets opened lower on Friday, September 20, as investors took a cautious approach following a jump in the previous session, driven by the Federal Reserve’s significant 50 basis point rate cut on Wednesday.
At 9:30 a.m. (EDT), trading began with the Dow Jones Industrial Average falling 0.16% to 41,959.43 points, down from Thursday’s close of 42,025.19 points.
Dow Jones stocks
Companies like Nike Inc., Walmart Inc., Verizon Communications Inc., Cisco Systems Inc., American Express Co., International Business Machines Corp., Travellers Cos. Inc., Apple Inc., Procter & Gamble Co., McDonald’s Corp., Amgen Inc., Coca-Cola Co., JPMorgan Chase & Co., Merck & Co. Inc., were amongst the top gainers on the Dow Jones Industrial Average during Friday’s trading session.
S&P 500
The S&P 500 index fell 0.07 per cent at Friday’s market open to 5709.64 points, compared to 5,713.64 points at the previous market close.
Companies like Constellation Energy Corp., Vistra Corp., Nike Inc., CrowdStrike Holdings Inc., Exelon Corp., Public Service Enterprise Group Inc., NRG Energy Inc., Super Micro Computer Inc., Eli Lilly & Co., Newmount Corp., were amongst the top gainers during the market session on the S&P 500 index.
Nasdaq Composite
The Nasdaq Composite dropped 0.08 per cent to 17,999.345 points on the opening bell, compared to its 18,013.98 point level at Thursday’s market close.
Expion360 Inc., Nova Vision Acquisition Corp., Banzai International Inc., Leafy Holdings Inc., Verb Technology Co. Inc., Agriforce Growing Systems Ltd., Alliance Entertainment Holding Corp., Bone Biologics Corp., Immuneering Corp., and Nano Nuclear Energy Inc., were the top gainers on Friday in the Nasdaq Composite index.
Smart for Life Inc., Garden Stage Ltd., Corbus Pharmaceuticals Holdings, Linkage Global Inc., Skye Bioscience Inc., were amongst the top losers during Friday’s trading hours.