
U.S. stock benchmarks opened mostly lower Friday as investors digested news that the Federal Reserve would not extend bank regulatory relief. The Dow Jones Industrial Average
DJIA,
-0.61%
lost 48 points or 0.2% to open near 32,815, while the S&P 500
SPX,
-0.29%
was down 2 points near 3,914 . The Nasdaq Composite
COMP,
+0.16%
ticked up 18 points, 0.1%, to trade near 13,134. Stock-index futures had traded higher in the premarket session as bond yields took a leg lower, but the central bank’s announcement sent yields
TMUBMUSD10Y,
1.733%
higher. Shares of FedEx Corporation
FDX,
+5.84%
spiked at the open Friday after it reported quarterly results that trounced Wall Street expectations.