NEW YORK (AP) — Stocks opened lower on Wall Street, capping a turbulent week as the Federal Reserve vows to be more aggressive in tackling inflation.
Health care stocks led the decline, dragged down by a 14% drop in the HCA after the hospital operator cut its financial forecast. The S&P 500 fell 0.4% and is on track for a weekly loss.
Most stocks in the index were down. Strength in some technology companies limited losses in the Nasdaq composite, which fell just 0.1%. The yield on the 10-year Treasury note rose slightly to 2.92%.