Nasdaq drops over 1% at open as surging bond yields hammer tech shares
The Nasdaq fell the most among Wall Street indexes at open on Tuesday as technology heavyweights came under pressure from a surge in bond yields on expectations of higher interest rates and rising inflation
The Nasdaq fell the most among Wall Street indexes at open on Tuesday as technology heavyweights came under pressure from a surge in bond yields on expectations of higher interest rates and rising inflation.
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The Dow Jones Industrial Average fell 121.67 points, or 0.35%, at the open to 34,747.70.
The S&P 500 opened lower by 23.57 points, or 0.53%, at 4,419.54, while the Nasdaq Composite dropped 182.76 points, or 1.22%, to 14,787.21 at the opening bell. (Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel)
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