Here’s where US indexes stood as the market opened 9:30 a.m. on Friday:
- S&P 500: 3,885.78, down 0.43%
- Dow Jones Industrial Average: 31,361.70, down 0.07% (22.85 points)
- Nasdaq Composite: 11,514.23, down 0.92%
Mortgage rates posted their biggest weekly fall since 2008, providing a minor relief to buyers, according to Freddie Mac. The average rate on the 30-year fixed-rate loan fell to 5.3%, down from 5.7% last week, Thursday data shows.
Twitter shares lost 4% Friday after a report from the Washington Post said that Elon Musk’s buyout deal was in “serious jeopardy.”
Meanwhile, Goldman Sachs forecasted that oil will hit $140 a barrel thanks to overplayed recession risks. Over the past month, crude has shed 15%, though the bank said commodities investors are worrying too much about a recession.
Bitcoin fell 1.18% to $21.372.01
