This post was originally published on this site
(Reuters) – Wall Street opened lower on Wednesday due to weakness in megacap growth and technology stocks as Treasury yields rose, spurred by data that showed a resilient demand for labor despite rising interest rates.
The Dow Jones Industrial Average fell 238.0 points, or 0.78%, at the open to 30,078.36. The S&P 500 fell 37.7 points, or 0.99%, at the open to 3,753.25, while the Nasdaq Composite dropped 153.7 points, or 1.38%, to 11,022.672 at the opening bell.
