U.S. stocks retreated in early trade Friday after Wall Street erased the worst of its ugly losses over the past three sessions in the aftermath of the U.K.'s surprising vote to leave Europe's 28-member trade bloc. Lingering concerns about the so-called Brexit, or British exit from the European Union, and anxieties about anemic global growth also pushed government-bond yields, including those for benchmark 10-year and 30-year U.S. Treasurys to fresh lows. The Dow Jones Industrial Average slipped 11 points, or less than 0.1%, to 17,929, the S&P 500 index was little-changed at 2,098 and the Nasdaq Composite Index fell 3 points, or less than 0.1%, at 4,839. Car sales were in focus early, with Ford Motor reporting a 6.4% rise in vehicle sales in June. Trading could be volatile Friday ahead of the July 4th holiday. U.S. markets will be closed on Monday in observance of the holiday.
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