Wall Street Opens Lower as Treasury Yields Rise

Wall Street Opens Lower as Treasury Yields Rise
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Feb. 27, 2023. (Brendan McDermid/Reuters)
Reuters
2/28/2023
Updated:
2/28/2023

Wall Street’s main indexes fell at the open on Tuesday as Treasury yields rose on bets of more interest rate hikes from the Federal Reserve.

The Dow Jones Industrial Average fell 15.62 points, or 0.05 percent, at the open to 32,873.47. The S&P 500 opened lower by 5.05 points, or 0.13 percent, at 3,977.19, while the Nasdaq Composite dropped 15.93 points, or 0.14 percent, to 11,451.05 at the opening bell.