US stocks: Wall Street opens lower as oil jump, high yields fuel inflation concerns
The three major indices fell at the open
On Thursday, October 8, US stocks started on a downward trajectory as oil prices climbed and Treasury yields approached multi-year peaks, raising concerns about inflation before a crucial earnings season. The Dow Jones Industrial Average dropped 178.5 points, or 0.35 percent, to 51,001.38 at the opening bell. The S&P 500 declined by 28.9 points, or 0.37 percent, to 7,772.87, while the Nasdaq Composite slipped 135.05 points, or 0.49 percent, to 27,403.64.
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