Stocks are off to a weak start, pulling S&P 500 below record

Stocks are off to a sluggish start on Wall Street today, easing the S&P 500 index just below its latest record high.

The benchmark index is also coming off its third weekly gain in a row.

The S&P 500 slipped 0.2% in the first few minutes of trading.

Lordstown Motors sank 18% after the CEO and CFO resigned as problems mount for the startup electric truck maker.

European markets were mostly higher. Several markets in Asia were closed for a holiday.

Bond prices fell. The yield on the 10-year Treasury note rose to 1.48%.