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Investing.com — U.S. stock markets opened mostly lower on Friday, on course for their first weekly loss in nearly a month, although the two blowout IPOs of the week were both holding on to the lion’s share of their spectacular gains.
By 9:35 AM ET (1435 GMT), the Dow Jones Industrial Average was down 130 points, or 0.4% at 29,870 points. The S&P 500 and the Nasdaq Composite were both down 0.5%.
Airbnb (NASDAQ:ABNB) stock showed no sign of a hangover after doubling on its first day of trading. It rose 2.3% in early trading, while Doordash (NYSE:DASH) stock, which gained 86% on its debut, weakened slightly with a loss of 3.8%.
