The Business Times

US: Wall St opens lower as bond yields jump

Published Wed, Mar 17, 2021 · 10:28 PM

[NEW YORK] Wall Street's main indexes opened lower on Wednesday as US bond yields spiked ahead of the Federal Reserve's policy statement which could provide hints on whether the central bank would raise interest rates sooner than expected.

The Dow Jones Industrial Average fell 0.4 points at the open to 32825.52. The S&P 500 fell 13.1 points, or 0.33 per cent, at the open to 3949.57, while the Nasdaq Composite dropped 134.7 points, or 1.00 per cent, to 13336.915 at the opening bell.

REUTERS

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