SP 500, Dow slip from record highs at open as bond yields spike

Stocks

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

Reuters

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.