Wall Street Opens Lower as Tech Tumbles, Goldman Sachs Slides

Wall Street Opens Lower as Tech Tumbles, Goldman Sachs Slides
The Nasdaq logo is displayed at the Nasdaq Market site in Times Square in New York on Dec. 3, 2021. (Jeenah Moon/Reuters)
Reuters
1/18/2022
Updated:
1/18/2022

U.S. stock indexes opened lower on Tuesday as technology stocks were slammed by rising Treasury yields, while Goldman Sachs led declines among big banks after missing profit expectations.

The Dow Jones Industrial Average fell 250.05 points, or 0.70 percent, at the open to 35,661.76. The S&P 500 opened lower by 30.61 points, or 0.66 percent, at 4,632.24, while the Nasdaq Composite dropped 211.92 points, or 1.42 percent, to 14,681.83 at the opening bell.