US: Wall St opens lower as hawkish Fed lifts yields, growth stocks fall
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WALL Street’s main indexes opened lower on Thursday (Sep 21) as a jump in Treasury yields knocked down growth stocks after the Federal Reserve signalled that another rate hike was in the offing this year.
The Dow Jones Industrial Average fell 108.65 points, or 0.32 per cent, at the open to 34,332.23.
The S&P 500 opened lower by 27.84 points, or 0.63 per cent, at 4,374.36, while the Nasdaq Composite dropped 141.07 points, or 1.05 per cent, to 13,328.06 at the opening bell. REUTERS
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