US: Wall St falls at open on elevated Treasury yields, Middle East worries

WALL Street’s main indexes opened lower on Friday (Oct 20) as US Treasury yields hovered near multi-year highs following hawkish remarks by Federal Reserve Chair Jerome Powell, while the Middle East conflict kept investors jittery.

The Dow Jones Industrial Average fell 48.90 points, or 0.15 per cent, at the open to 33,365.27.

The S&P 500 opened lower by 4.15 points, or 0.10 per cent, at 4,273.85, while the Nasdaq Composite dropped 28.40 points, or 0.22 per cent, to 13,157.77 at the opening bell. REUTERS