S&P 500, Dow slip from record highs at open as bond yields spike

The Dow Jones Industrial Average fell 23.2 points, or 0.07 percent, at the open to 32462.4.

March 12, 2021 / 08:21 PM IST
Source: Reuters

Source: Reuters

The S&P 500 and the Dow opened lower on Friday after closing at record highs in the previous session, as a spike in U.S. bond yields reignited inflation worries and dented appetite for high-growth stocks.

The Dow Jones Industrial Average fell 23.2 points, or 0.07 percent, at the open to 32462.4.

The S&P 500 fell 14.8 points, or 0.38 percent, at the open to 3924.52?, while the Nasdaq Composite dropped 175.9 points, or 1.31 percent, to 13222.813 at the opening bell.

 
Reuters

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