US: Wall Street opens lower as changing rate expectations boost yields

Wall Street’s main indexes fell at the open on Monday (Oct 7), pressured by a rally in Treasury yields as investors dialled back bets on the scope of the Federal Reserve interest rate cuts this year.

The Dow Jones Industrial Average fell 63.2 points, or 0.15 per cent, at the open to 42,289.51.

The S&P 500 fell 13.3 points, or 0.23 per cent, at the open to 5,737.8​, while the Nasdaq Composite dropped 57.7 points, or 0.32 per cent, to 18,080.115. REUTERS