Stocks Open Lower on Wall Street, Extending a Weak Streak

NEW YORK (AP) — Stocks are opening mostly lower on Wall Street Wednesday, extending a weak stretch for the market into a third straight day.

The S&P 500 was down 0.5% in the early going. The benchmark index has fallen three out of the past four weeks.

Nearly halfway through 2022, the index is down more than 20% for the year as investors worry about persistently high inflation as well as the possibility that the interest rate increases the Federal Reserve is making to combat it may cause a recession.

The yield on the 10-year Treasury note fell to 3.17%.