Wall St opens lower as surging yields hit growth stocks

Reuters

(Reuters) – U.S. stock indexes opened lower on Monday, dragged down by high-growth stocks as Treasury yields surged, ahead of Tuesday’s inflation data that could back a more hawkish stance from the Federal Reserve.

The Dow Jones Industrial Average fell 90.9 points, or 0.26%, at the open to 34630.27.

The S&P 500 fell 25.6 points, or 0.57%, at the open to 4462.64​, while the Nasdaq Composite dropped 163.7 points, or 1.19%, to 13547.293 at the opening bell.

(Reporting by Praveen Paramasivam in Bengaluru; Editing by Sriraj Kalluvila)

tagreuters.com2022binary_LYNXNPEI3A0HF-BASEIMAGE


You appear to be using an ad blocker

Shore News Network is a free website that does not use paywalls or charge for access to original, breaking news content. In order to provide this free service, we rely on advertisements. Please support our journalism by disabling your ad blocker for this website.