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S&P 500, Dow slip from record highs at open as bond yields spike

S&P 500 and the Dow opened lower on Friday after closing at record highs in the previous session, as a spike in US bond yields reignited inflation worries and dented appetite for high-growth stocks

wall street, market, stocks

Reuters

(Reuters) - The S&P 500 and the Dow opened lower on Friday after closing at record highs in the previous session, as a spike in U.S. bond yields reignited inflation worries and dented appetite for high-growth stocks.

The Dow Jones Industrial Average fell 23.2 points, or 0.07%, at the open to 32462.4 and the S&P 500 fell 14.8 points, or 0.38%, at the open to 3924.52​, while the Nasdaq Composite dropped 175.9 points, or 1.31%, to 13222.813 at the opening bell.

 

(Reporting by Medha Singh in Bengaluru; Editing by Maju Samuel)

 

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Mar 12 2021 | 8:21 PM IST

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