Stocks open mostly lower a day after latest run at record
NEW YORK (AP) — Stocks are opening mostly lower on Wall Street Thursday a day after the S&P 500 closed just below its pre-pandemic record high. The index was down 0.1% in the early going. Cisco, which makes routers and other network hardware, fell the most in the S&P 500 after predicting results for its current quarter that were weaker than analysts were expecting. Lyft also fell after reporting a steep drop in ridership and revenue. Markets got some less-bad news on the jobs front as the number of laid-off workers applying for unemployment benefits fell below 1 million last week for the first time since March.
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