US: Wall St opens lower as 10-year yield hits 5%; Big Tech earnings in focus

WALL Street’s main indexes fell at the open on Monday (Oct 23) as the yield on the benchmark US 10-year Treasury note hit the crucial 5 per cent mark, while investors awaited earnings from the world’s largest technology companies and key economic data.

The Dow Jones Industrial Average fell 134.26 points, or 0.41 per cent, at the open to 32,993.02.

The S&P 500 opened lower by 13.76 points, or 0.33 per cent, at 4,210.40, while the Nasdaq Composite dropped 52.96 points, or 0.41 per cent, to 12,930.85 at the opening bell. REUTERS