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U.S. stocks open lower as Treasury yields jump after retail sales stronger than expected

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Christine Idzelis is a markets reporter at MarketWatch and is based in New York.

U.S. stocks opened lower Tuesday as Treasury yields climbed after fresh economic data showed retail sales rose in September more than forecast. The Dow Jones Industrial Average DJIA was down 0.3% soon after the opening bell, while the S&P 500 SPX shed 0.7% and the Nasdaq Composite COMP fell 1.

1%, according to FactSet data, at last check. U.S. retail sales increased 0.7% last month, the Census Bureau said Tuesday. That’s much stronger than the 0.2% rise forecast from economists polled by the Wall Street Journal as consumers continued to spend in September. Yields in the Treasury market jumped after the retail sales report,...

 

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