Wall St opens lower as bond yields climb
[NEW YORK] The main US indexes opened lower on Thursday (Aug 20) as a rebound in government bond yields hurt sentiment, while...
On Thursday (Aug 20), the primary US stock indices commenced trading at a lower level as yields on government bonds experienced a surge, negatively impacting the market sentiment. This decline was further exacerbated by Walmart, a retail sector leader, announcing its first sales shortfall in recent memory, which left investors underwhelmed.
The Dow Jones Industrial Average dipped 81.8 points, or 0.15 percent, to 53,381.22 as the trading day opened. The S&P 500 slid 17.5 points, or 0.23 percent, to 7,690.49, while the Nasdaq Composite experienced a more pronounced loss of 119.6 points, or 0.45 percent, ending the trading session at 26,211.52.
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