US stocks open flat as Boeing retreats
Wall Street stocks treaded water in opening trade Friday as Boeing shares took a hit after the company announced that it would take a $2.1 billion charge against second quarter earnings.
Investors were cautious after the Dow lost ground Thursday, ending a six-day streak of records amid a mix of earnings reports.
"Investors will do a lot of tape watching, aiming to see how leading sectors ... respond to Thursday's pullback and whether the modest uptick at the open ultimately invites renewed profit-taking efforts," said Briefing.com analyst Patrick O'Hare.
Five minutes into trade, the Dow Jones Industrial Average was essentially flat at 18,518.91, while the S&P 500 was at 2,165.34, also unchanged.
The tech-rich Nasdaq Composite Index slid less than 0.1 percent to 5,071.77.
Shares of Boeing, a Dow component, were down 1.7 percent.