The S&P 500 and the Dow edged lower at market open on Friday after comments from a U.S. Federal Reserve official dampened recent upbeat sentiment.

The Dow Jones Industrial Average fell 53.85 points, or 0.14 percent, at the open to 37,194.50.

The S&P 500 opened lower by 5.32 points, or 0.11 percent, at 4,714.23, while the Nasdaq Composite gained 35.90 points, or 0.24 percent, to 14,797.46 at the opening bell.