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US stocks lose ground in uneven trading to open December

The S&P 500 fell 0.5% as of 10:19 a.m. Eastern. The benchmark index was roughly split between gainers and losers, but some big tech stocks weighed down the broader market.

December 01, 2022 / 10:25 PM IST
Representative Image

Representative Image

Stocks fell in uneven trading on Wall Street Thursday and bond yields pulled back after the government reported that a measure of inflation that's closely watched by the Federal Reserve eased in October.

The S&P 500 fell 0.5% as of 10:19 a.m. Eastern. The benchmark index was roughly split between gainers and losers, but some big tech stocks weighed down the broader market.

Salesforce slumped 10.4% as Bret Taylor said he would resign as co-CEO of the customer-management software developer.

The Dow Jones Industrial Average fell 335 points, or 1%, to 34,236 and the Nasdaq rose 0.6%.