Wall Street Opens Mixed and Is Headed for a Losing Week
NEW YORK—Stocks are off to a mixed start on Wall Street, keeping the market on track for a losing week after rallying for the first two weeks of the year. The S&P 500 was just barely higher in the early going Friday, and the tech-heavy Nasdaq composite was up 0.4 percent. The Dow slipped 0.1 percent. Netflix jumped 8 percent after reporting a surge in subscribers, while Google parent Alphabet rose 3 percent after saying it would cut 12,000 jobs, or 6 percent of its staff, joining other tech giants in contracting as the boom the industry rode during the height of the COVID-19 pandemic ebbs.
