US: Wall Street opens lower as yields rise again

WALL Street’s main indexes opened lower on Wednesday (Mar 1) as Treasury yields rose on bets of more rate hikes by the Federal Reserve that offset optimism from strong China manufacturing data.

The Dow Jones Industrial Average fell 0.33 points, or 0.00 per cent, at the open to 32,656.37.

The S&P 500 opened lower by 6.81 points, or 0.17 per cent, at 3,963.34, while the Nasdaq Composite dropped 7.96 points, or 0.07 per cent, to 11,447.58 at the opening bell. REUTERS