"US Stocks Open Lower as 10-Year Treasury Yield Rises: Live Updates"

US stocks opened lower as investors focused on interest rates and earnings season, with the Dow Jones Industrial Average dropping 0.4% and the S&P 500 shedding 0.5%. Goldman Sachs reported a fourth quarter earnings jump of 51% year-over-year, while Morgan Stanley's shares dipped more than 3% despite a revenue beat. The New York Federal Reserve's Empire State Manufacturing Survey showed a plunge in activity to its lowest level since May 2020, and Tesla's CEO Elon Musk stated his preference to build artificial intelligence and robotics products elsewhere unless he has roughly 25% voting control at the company.