Dow opens 90 pts lower as Buffett steps down, Netflix stock slides 5%

US stock indices opened mixed on Friday following a strong rebound in the prior session. The Dow Jones Industrial Average declined by 93 points, or 0.18%, weighed down by persistent pressure from elevated Treasury yields and major corporate headlines. Meanwhile, the S&P 500 traded slightly higher by 0.1%, and the tech-heavy Nasdaq Composite edged up 0.33%. Trading conditions were further influenced by triple witching, the quarterly expiration of stock options, index options, and index futures that typically amplifies volume and intraday volatility. Corporate developments played a key role in market sentiment. Berkshire Hathaway shares faced pressure following the announcement that Warren Buffett is stepping down as chairman after leading the company since 1965, transitioning to chairman emeritus while handing the role to Howard Buffett. In single-stock moves, Netflix slid over 5% after Wells Fargo issued a downgrade to Underweight with a $57 price target. Conversely, Intel gained 0.6% amid reports of exploratory manufacturing talks with SK Hynix. Macro headwinds remain centered on fixed income, with the 10-year Treasury yield climbing back toward 4.98% following the Federal Reserve's recent policy rate hike.