Skip to content
Cosmopolitan Canada
Business

Wall Street opens lower as yields rise after GDP data

By Swedan Margen

Wall Street opens lower as yields rise after GDP data

US stock indexes opened lower on Tuesday (Dec 23) after stronger-than-expected economic data drove Treasury yields higher, weighing on heavyweight technology stocks.

At 09.30 am ET, the Dow Jones Industrial Average fell 62.81 points, or 0.13 per cent, to 48,299.87.

The S&P 500 lost 4.69 points, or 0.07 per cent, to 6,873.80, while the Nasdaq Composite dropped 21.13 points, or 0.09 per cent, to 23,407.70. REUTERS

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

Source link

More Business