Wall Street opens lower as spike in yields pressures tech stocks By Reuters


© Reuters. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City


(Reuters) – Wall Street’s main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related stocks, while undervalued banks and industrial stocks that stand to benefit from a re-opening economy edged higher.

The fell 43.5 points, or 0.13%, at the open to 33127.88. The fell 7.7 points, or 0.20%, at the open to 3963.34, while the dropped 50.8 points, or 0.39%, to 13008.804 at the opening bell.

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