US: Wall St opens lower as yields rise ahead of Powell speech
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
WALL Street’s main indexes opened lower on Monday (Oct 2) as the 10-year Treasury yield regained 2007 highs, while investors awaited comments from Federal Reserve chair Jerome Powell and more data this week to gauge the central bank’s interest-rate path.
The Dow Jones Industrial Average fell 52.00 points, or 0.16 per cent, at the open to 33,455.50.
The S&P 500 opened lower by 3.53 points, or 0.08 per cent, at 4,284.52, while the Nasdaq Composite dropped 1.34 points, or 0.01 per cent, to 13,217.99 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.
Copyright SPH Media. All rights reserved.
TRENDING NOW
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
