US: Wall St falls at open as Treasury yields surge; jobs data in focus

WALL Street’s main indexes opened lower on Tuesday (Oct 3) as prospects of an extended restrictive monetary policy pushed Treasury yields to multi-year highs, while investors awaited crucial employment data to gauge the US interest rate outlook.

The Dow Jones Industrial Average fell 114.51 points, or 0.34 per cent, at the open to 33,318.84.

The S&P 500 opened lower by 18.64 points, or 0.43 per cent, at 4,269.75, while the Nasdaq Composite dropped 78.09 points, or 0.59 per cent, to 13,229.68 at the opening bell. REUTERS