PARIS (Reuters) – The New York Stock Exchange opened lower on Friday on profit-taking after a sharp rise the previous day as risk appetite remained tempered by fears over the U.S. economy ahead of a series of data due next week.

In early trading, the Dow Jones index lost 0.24% to 39,359 points, and the broader Standard & Poor’s 500 fell 0.09% to 5,316 points.

The Nasdaq Composite fell 0.12% to 16,651 points.

The New York Stock Exchange, which ended sharply higher on Thursday after a larger-than-expected drop in weekly unemployment claims in the United States, went back into the red on Friday due to a lack of a catalyst and profit-taking on shares of the “Magnificent Seven” which are all in the red.

For the week as a whole, the S&P 500 and the Nasdaq are at this point showing a weekly loss, the fourth in a row.

Market sentiment remains fragile ahead of monthly U.S. data on consumer prices and retail sales next week, indicators that could be game-changers or accelerate volatility amid fears of a recession in the world’s largest economy.

The VIX volatility index on Wall Street, considered the barometer of fear, is currently around 25 points, a level still high, after having climbed to 65.73 points at the beginning of the week.

Among the notable values ​​of the day, Elf Beauty fell by 10.64%, the group having announced that it anticipated annual turnover and profit below consensus.

Paramount Global rose 3.42% after reporting second-quarter revenue above consensus.

Take-Two Interactive Software is up 4.37% as the video game publisher announced that its net bookings are expected to increase in 2026 and 2027.

Online travel company Expedia soared 10.44% after reporting better-than-expected quarterly profits amid strong demand for international travel.

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(Written by Claude Chendjou, edited by Blandine Hénault)

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