Nasdaq, S&P 500 open lower following Powell's rate comments

All three of the major indexes (^DJI,^GSPC, ^IXIC) opened lower Friday morning as a number of the trades that got a boost from President-elect Trump's victory are starting to fade. One thing that's weighing on markets this morning are Federal Reserve Chair Jerome Powell's comments on Thursday about the central bank not needing "to be in a hurry to lower rates."

Morning Brief Anchor Seana Smith and Markets and Data Editor Jared Blikre break down the action at the open.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Stephanie Mikulich.