The S&P 500 and the Dow opened lower on Friday after closing at record highs in the previous session, as a spike in US bond yields reignited inflation worries and dented appetite for high-growth stocks.

The Dow Jones Industrial Average fell 23.2 points, or 0.07%, at the open to 32462.4 and the S&P 500 fell 14.8 points, or 0.38%, at the open to 3924.52, while the Nasdaq Composite dropped 175.9 points, or 1.31%, to 13222.813 at the opening bell.