Wall St slides at open as rising bond yields hit growth stocks By Reuters

Wall St slides at open as rising bond yields hit growth stocks

Economy May 09, 2022 09:45AM ET

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Wall St slides at open as rising bond yields hit growth stocks

(Reuters) - Wall Street's major indexes opened lower on Monday as rising U.S. Treasury yields amid prospects of aggressive monetary policy tightening weighed on growth stocks, with the sentiment taking a hit from fears of an economic slowdown in China.

The Dow Jones Industrial Average fell 214.2 points, or 0.65%, at the open to 32685.17. The S&P 500 fell 42.1 points, or 1.02%, at the open to 4081.27, while the Nasdaq Composite dropped 221.6 points, or 1.82%, to 11923.029 at the opening bell.

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