US: S&P 500 opens flat as bond yields hit new highs

THE benchmark S&P 500 index opened flat on Tuesday (Apr 19) as US bond yields hit new highs on expectations of aggressive interest rate hikes, while investors awaited more earnings reports to assess the impact of inflation and the Ukraine war on companies.

The Dow Jones Industrial Average fell 17.07 points, or 0.05 per cent, at the open to 34,394.62. The S&P 500 opened lower by 1.06 points, or 0.02 per cent, at 4,390.63, while the Nasdaq Composite dropped 19.92 points, or 0.15 per cent, to 13,312.44 at the opening bell. REUTERS