U.S. stocks open lower, edging back into the red for the week

Stocks are opening lower on Wall Street Friday, putting indexes back into the red for the week. Big technology companies and Tesla were among the biggest losers in the early going. Treasury yields were higher after the government reported stronger-than-expected hiring last month, keeping the Federal Reserve on track for a series of extra-large interest rate hikes aimed at bringing inflation under control and slowing down the economy. The S&P 500 fell 1.1% and the tech-heavy Nasdaq was down 1.9%. The Dow fell 0.7%. The yield on the 10-year Treasury, which helps set interest rates on mortgages, rose to 2.96%.

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