US stock indexes open lower as high yields, oil prices dent sentiment
[NEW YORK] Wall Street’s main indexes opened lower on Tuesday (Sep 1), extending a weak run as elevated bond yields and higher...
On Tuesday morning, September 1, the major U.S. stock indexes commenced the trading day on a downbeat note, further exacerbating a string of underwhelming openings. Elevated bond yields and surging oil prices served to deter investors from engaging in equities at the onset of a notoriously unpropitious month for the sector.
The Dow Jones Industrial Average slipped 102.3 points, or 0.19 percent, to 53,083.58 at the opening bell. The S&P 500 also posted a decline of 50.7 points, or 0.66 percent, settling at 7,635.47. Meanwhile, the Nasdaq Composite experienced a steeper drop of 339.2 points, or 1.29 percent, concluding at 26,031.67.
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