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S&P 500, Nasdaq open lower as tech stocks weigh

1 minute read

April 9 (Reuters) - The S&P 500 and the Nasdaq opened lower on Friday as a rise in U.S. bond yields weighed on richly valued technology stocks a day after the S&P 500 set a record closing high.

The S&P 500 (.SPX) opened lower by 1.06 points, or 0.03%, at 4,096.11, while the technology-heavy Nasdaq Composite (.IXIC) dropped 42.30 points, or 0.31%, to 13,787.02 at the opening bell.

The Dow Jones Industrial Average (.DJI) rose 22.62 points, or 0.07%, at the open to 33,526.19.

Reporting by Shivani Kumaresan in Bengaluru; Editing by Maju Samuel

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