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- US stocks opened mixed as investors speculate on the Fed's moves to tame inflation.
- The S&P 500 and the tech-heavy Nasdaq are on track for their second consecutive losing week.
- Traders are assessing a slew of economic data, including jobless claims.
US stocks were mixed on Thursday as traders continue to mull the prospect of higher interest rates amid signs the economy remains in high gear.
All three major indexes were on track for a losing week, with the S&P 500 and Nasdaq composite heading for the second consecutive weekly loss. The benchmark S&P 500 last week notched its worst performance of the year.
Rates pressed higher Thursday. The 2-year Treasury yield reached levels not seen in over a decade, while the 10-year Treasury yield ticked above 4%.