Opening Bell: U.S. Stocks Slip on Bond Rally, Oil Declines; Tesla Refutes Safety Issue
U.S. stocks opened lower on Friday, as global bond yields continued to fall and oil prices dropped below $50 a barrel, after reaching their highest level in nearly a year.
U.S. stocks opened lower on Friday, as a global bond yields continued to fall and oil prices dropped below $50 a barrel, after reaching their highest level in nearly a year earlier this week. Yields for Japan government bonds are in negative territory. Tesla (TSLA) - Get Report shares were in focus after the electric automaker threw cold water on reports of safety issues with the suspension of its Model S car. The company said it owns its service centers and would be aware of any glitches. TheStreet's Scott Gamm reports from Wall Street.
