US: Wall St opens lower as spike in yields pressures tech stocks

[NEW YORK] Wall Street's main indexes opened lower on Tuesday as a rise in US bond yields hit heavyweight tech-related stocks, while undervalued banks and industrial stocks that stand to benefit from a re-opening economy edged higher.

The Dow Jones Industrial Average fell 43.5 points, or 0.13 per cent, at the open to 33127.88. The S&P 500 fell 7.7 points, or 0.20 per cent, at the open to 3963.34, while the Nasdaq Composite dropped 50.8 points, or 0.39 per cent, to 13008.804 at the opening bell.

REUTERS

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