Stocks open mostly lower even as Nasdaq edges toward record
NEW YORK (AP) — Stocks are opening mostly lower as Wall Street heads into the Thanksgiving holiday.
The S&P 500 index slipped 0.2% in the early going Wednesday, but it’s still holding on to a gain of almost 11% for the month.
Most stocks in the benchmark index were trading lower, but gains from a handful of Big Tech companies including Apple sent the tech-heavy Nasdaq index above the closing high it reached in early September.
The price of crude oil rose about 1% and Treasury yields held steady.
The Dow eased below 30,000, a day after passing that milestone for the first time.