US: Wall Street opens lower as bond yields stay high
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US stocks opened lower on Monday (Apr 18) as Treasury yields continued to rise on expectations of a tighter monetary policy, while Bank of America wrapped up earnings from Wall Street lenders with a better-than-expected quarterly profit.
The Dow Jones Industrial Average fell 39.74 points, or 0.12 per cent, at the open to 34,411.49. The S&P 500 opened lower by 6.96 points, or 0.16 per cent, at 4,385.63, while the Nasdaq Composite dropped 31.69 points, or 0.24 per cent, to 13,319.39 at the opening bell. REUTERS
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