Wall Street opens lower as spike in US bond yields pressures tech stocks

The Dow Jones Industrial Average fell 43.5 points, or 0.13%

wall street, market, stocks
Nasdaq Composite dropped 50.8 points, or 0.39%, to 13008.804 at the opening bell
Reuters
1 min read Last Updated : Mar 30 2021 | 7:52 PM IST
Wall Street's main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related stocks, while undervalued banks and industrial stocks that stand to benefit from a re-opening economy edged higher.

The Dow Jones Industrial Average fell 43.5 points, or 0.13%, at the open to 33127.88. The S&P 500 fell 7.7 points, or 0.20%, at the open to 3963.34, while the Nasdaq Composite dropped 50.8 points, or 0.39%, to 13008.804 at the opening bell.

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Topics :Wall StreetUS bondUS markets

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