Wall St down at open as yields jump on inflation worries
[NEW YORK] Wall Street indexes opened sharply lower on Friday (May 15), as inflation fears triggered by the Middle East conflict drove up Treasury yields and threatened to halt an AI-fuelled rally.
The Dow Jones Industrial Average fell 133.2 points, or 0.27 per cent, at the open to 49930.26.
The S&P 500 fell 56.1 points, or 0.75 per cent, at the open to 7445.11, while the Nasdaq Composite dropped 346.3 points, or 1.30 per cent, to 26288.923 at the opening bell. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Buyer for England striker Harry Kane’s former mansion must pay £3.4 million after abandoning deal
Ohmyhome Ltd sells real estate business for token US$1 due to poor business and continued losses
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future