US open: Stocks lower following Dow's record close

(Sharecast News) - Wall Street stocks were in the red early on Friday following yesterday's rally.

As of 1520 BST, the Dow Jones Industrial Average was down 0.31% at 41,895.15, while the S&P 500 and Nasdaq Composite both came out the gate 0.40% weaker at 5,690.57 and 17,941.12, respectively.

The Dow opened 130.04 points lower on Friday, taking a bit out of gains recorded in the previous session as investors cheered the Federal Reserve Bank's decision to cut its base overnight interest rate by half a percentage point.

In terms of Friday's headlines, Nike revealed that chief executive John Donahoe had suddenly stood down from the role, while shares in logistics giant FedEx traded lower after it trimmed full-year earnings and revenue guidance.

No major data points were scheduled for release on Friday.

Reporting by Iain Gilbert at Sharecast.com

Dow Jones - Risers

Nike Inc. (NKE) $86.85 7.25%

Cisco Systems Inc. (CSCO) $51.81 0.72%

Walmart Inc. (WMT) $78.59 0.70%

Verizon Communications Inc. (VZ) $44.19 0.56%

Procter & Gamble Co. (PG) $172.44 0.52%

Apple Inc. (AAPL) $229.95 0.47%

International Business Machines Corporation (CDI) (IBM) $214.65 0.36%

Amgen Inc. (AMGN) $336.90 0.28%

Coca-Cola Co. (KO) $70.75 0.18%

Merck & Co. Inc. (MRK) $117.31 0.07%

Dow Jones - Fallers

Dow Chemical Co. (DOW) $51.75 -2.16%

Caterpillar Inc. (CAT) $366.60 -1.80%

Walgreens Boots Alliance, Inc. (WBA) $8.86 -1.32%

Goldman Sachs Group Inc. (GS) $497.64 -1.23%

Intel Corp. (INTC) $20.90 -1.16%

Chevron Corp. (CVX) $143.82 -0.81%

Boeing Co. (BA) $153.50 -0.71%

3M Co. (MMM) $133.21 -0.47%

Travelers Company Inc. (TRV) $236.61 -0.41%

Microsoft Corp. (MSFT) $436.98 -0.39%

S&P 500 - Risers

Nike Inc. (NKE) $86.85 7.25%

NRG Energy Inc. (NRG) $83.57 2.13%

Eli Lilly and Company (LLY) $932.13 1.87%

Public Service Enterprise Group Inc. (PEG) $84.98 1.85%

Norwegian Cruise Line Holdings Ltd (NCLH) $20.56 1.73%

Dxc Technology Company (DXC) $21.42 1.71%

VF Corp. (VFC) $18.94 1.55%

Kroger Co. (KR) $55.68 1.55%

Ameren Corp. (AEE) $84.91 1.54%

Newmont Corporation (NEM) $54.32 1.49%

S&P 500 - Fallers

FedEx Corp. (FDX) $256.07 -14.75%

Lennar Corp. Class A (LEN) $183.50 -4.65%

United Parcel Service Inc. (UPS) $127.06 -3.84%

Mettler Toledo International (MTD) $1,390.65 -3.63%

HF Sinclair Corporation (DINO) $45.68 -3.32%

Valero Energy Corp. (VLO) $134.25 -3.20%

Lam Research Corp. (LRCX) $764.11 -3.16%

Revvity, Inc. (RVTY) $122.68 -3.00%

Marathon Petroleum Corporation (MPC) $161.44 -2.95%

Dollar Tree Inc (DLTR) $71.74 -2.90%

Nasdaq 100 - Risers

Trip.com Group Limited (TCOM) $48.83 2.93%

Sirius XM Holdings Inc (SIRI) $24.55 2.21%

Cisco Systems Inc. (CSCO) $51.81 0.72%

Broadcom Inc. (AVGO) $168.28 0.51%

Kraft Heinz Co. (KHC) $35.17 0.50%

Alphabet Inc. Class C (GOOG) $164.05 0.50%

Alphabet Inc. Class A (GOOGL) $162.91 0.48%

Apple Inc. (AAPL) $229.95 0.47%

Comcast Corp. (CMCSA) $40.44 0.43%

Charter Communications Inc. (CHTR) $332.36 0.31%

Nasdaq 100 - Fallers

Asml Holdings N.V. (ASML) $799.67 -3.44%

Lam Research Corp. (LRCX) $764.11 -3.16%

Qurate Retail Inc. (QRTEA) $0.60 -2.92%

Dollar Tree Inc (DLTR) $71.74 -2.90%

Applied Materials Inc. (AMAT) $191.20 -2.80%

Analog Devices Inc. (ADI) $226.93 -2.80%

J.B. Hunt Transport Services Inc. (JBHT) $170.01 -2.75%

Microchip Technology Inc. (MCHP) $76.68 -2.73%

Align Technology Inc. (ALGN) $250.43 -2.62%

KLA-Tencor Corp. (KLAC) $752.87 -2.53%