US stocks: Wall Street opens lower as bond yields and oil rebound; Fed minutes in focus
All three major indices fell at the opening
On Wednesday, October 7, the U.S. stock market began the trading day on a down note as bond yields and oil prices continued to surge, leaving investors uncertain as they awaited the minutes from the Federal Reserve's meeting the previous day. The Dow Jones Industrial Average started the day at 51,196.22, down 325.06 points, or 0.63 percent.
The S&P 500 opened at 7,786.33, slipping 32.60 points, or 0.42 percent. Similarly, the Nasdaq Composite began at 27,444.06, falling 155.83 points, or 0.56 percent. The market's cautious sentiment was heightened by the anticipation of the Federal Reserve's minutes, which were expected to provide further insight into the central bank's future monetary policy decisions.
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