Stocks open mixed after Fed’s surprise decision on bank capital

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, -0.70% lost 48 points or 0.2% to open near 32,815, while the S&P 500 SPX, -0.43% was down 2 points near 3,914 . The Nasdaq Composite COMP, -0.17% 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, 1.735% higher. Shares of FedEx Corporation FDX, +5.73% spiked at the open Friday after it reported quarterly results that trounced Wall Street expectations.

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