US: Wall St drops at open as Treasury yields soar
Add BT as a preferred source
WALL Street’s main indexes opened lower on Wednesday (Oct 19) as Treasury yields surged to 14-year highs amid rising interest rates, denting gains powered by streaming giant Netflix after it reversed customer losses.
The Dow Jones Industrial Average fell 84.8 points, or 0.28 per cent, at the open to 30439.04.
The S&P 500 fell 16.9 points, or 0.45 per cent, at the open to 3703.11, while the Nasdaq Composite dropped 83.1 points, or 0.77 per cent, to 10689.311 at the opening bell. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
DBS completes US$1 billion significant risk transfer deal, a first for Singapore bank
About 1 in 7 Singapore families has income of at least S$30k a month; share almost doubled in 5 years
Indonesia jails Gojek founder Nadiem for 10 years, orders US$48 million restitution
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
