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Dow falls 100 points with Treasury yields near 16 year highs, oil jumping and tech earnings ahead

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Isabel Wang is a Markets Reporter for MarketWatch.

U.S. stock indexes opened modestly lower on Wednesday morning as Treasury bond yields remained near fresh 16-year highs and geopolitical angst hit global sentiment.

However, investor sentiment has been soured after reports saying hundreds had died following an explosion at a Gazan hospital raised fears that the Israel-Hamas war would draw in other forces in the region.Recent hopes that a trip by U.S. President Joe Biden to the Middle East might boost diplomacy have been damped after Jordan cancelled a summit at which Biden was to meet the Jordanian and Egyptian leaders, as well as Mahmoud Abbas, President of the Palestinian Authority.

See: Long-term U.S. Treasury yields may resume their march higher despite recent bond-market swings, BlackRock says

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