US: S&P 500, Nasdaq open lower as rising yields dent tech shares

[NEW YORK] The S&P 500 and Nasdaq opened lower on Tuesday, as rising Treasury yields weighed on major technology stocks, while bank shares extended gains as investors priced in early monetary policy tightening by the Federal Reserve.

The Dow Jones Industrial Average rose 0.67 points at the open to 35,619.92. The S&P 500 opened lower by 4.46 points or 0.10 per cent at 4,678.48 while the Nasdaq Composite dropped 45.25 points or 0.29 per cent to 15,809.50 at the opening bell.

REUTERS