Wall St opens lower as surging yields hit growth stocks
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FILE PHOTO: A man walks along Wall Street in New York September 18, 2008. REUTERS/Eric Thayer/File Photo
(Reuters) - U.S. stock indexes opened lower on Monday, dragged down by high-growth stocks as Treasury yields surged, ahead of Tuesday's inflation data that could back a more hawkish stance from the Federal Reserve.
The Dow Jones Industrial Average fell 90.9 points, or 0.26%, at the open to 34630.27.
The S&P 500 fell 25.6 points, or 0.57%, at the open to 4462.64, while the Nasdaq Composite dropped 163.7 points, or 1.19%, to 13547.293 at the opening bell.
(Reporting by Praveen Paramasivam in Bengaluru; Editing by Sriraj Kalluvila)
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