Investing
Wall St falls at open as Treasury yields surge; jobs data in focus
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 28, 2023. REUTERS/Brendan McDermid/File Photo
(Reuters) – Wall Street’s main indexes opened lower on Tuesday as prospects of an extended restrictive monetary policy pushed Treasury yields to multi-year highs, while investors awaited crucial employment data to gauge the U.S. interest rate outlook.
The fell 114.51 points, or 0.34%, at the open to 33,318.84.
The opened lower by 18.64 points, or 0.43%, at 4,269.75, while the dropped 78.09 points, or 0.59%, to 13,229.68 at the opening bell.
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