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Wall St falls at open as Treasury yields surge; jobs data in focus

2023-10-03 21:57
Wall Street's main indexes opened lower on Tuesday as prospects of an extended restrictive monetary policy pushed Treasury
Wall St falls at open as Treasury yields surge; jobs data in focus

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 Dow Jones Industrial Average fell 114.51 points, or 0.34%, at the open to 33,318.84.

The S&P 500 opened lower by 18.64 points, or 0.43%, at 4,269.75, while the Nasdaq Composite dropped 78.09 points, or 0.59%, to 13,229.68 at the opening bell.

(Reporting by Shashwat Chauhan in Bengaluru; Editing by Vinay Dwivedi)