February 28, 2023

Wall Street opens lower as Treasury yields rise

(Reuters) – 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.

Traders work on the floor of the NYSE in New York

© Thomson Reuters
Traders work on the floor of the NYSE in New York

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

(Reporting by Shristi Achar A in Bengaluru; Editing by Arun Koyyur)

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