US Stocks: US market opens lower as Iran stalemate lifts oil, yields
On Tuesday morning, major indexes on Wall Street experienced a downward trend as oil prices remained high due to falling hopes for a peace agreement between the U.S. and Iran. Additionally, government bond yields lingered near multi-year highs. Th...
By Reuters |
Agencies
Tech stocks slide as elevated Treasury yields pressure valuations. (AI Photo)
Wall Street's main indexes opened lower on Tuesday, as diminishing prospects for a peace deal between the U.S. and Iran kept oil prices elevated and government bond yields at multi-year peaks.
The Dow Jones Industrial Average fell 105.3 points, or 0.20%, to 53,354.43 at the open. The S&P 500 fell 45.0 points, or 0.58%, to 7,700.04, while the Nasdaq Composite dropped 298.0 points, or 1.12%, to 26,346.88.
More to come...
The Dow Jones Industrial Average fell 105.3 points, or 0.20%, to 53,354.43 at the open. The S&P 500 fell 45.0 points, or 0.58%, to 7,700.04, while the Nasdaq Composite dropped 298.0 points, or 1.12%, to 26,346.88.
More to come...
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