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Nasdaq slides at open as bond yields spike

The Dow Jones Industrial Average fell 87.2 points, or 0.26 percent, at the open to 32928.16.

March 18, 2021 / 07:22 PM IST
Reuters

Reuters

The tech-heavy Nasdaq dropped at the open on Thursday as bond yields hit 14-month highs after the Federal Reserve pledged to tolerate inflation and keep monetary policy loose through 2023.

The Dow Jones Industrial Average fell 87.2 points, or 0.26 percent, at the open to 32928.16.

The S&P 500 fell 20.6 points, or 0.52 percent, at the open to 3953.5. while the Nasdaq Composite dropped 176.0 points, or 1.30 percent, to 13349.203 at the opening bell.

 
Reuters
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