At 1440 GMT the Dow Jones Industrial Average was off 0.16 per cent at 33,119.35 while the tech-heavy Nasdaq lost 0.44 per cent at 13,003.79. — Reuters picNEW YORK, March 30 — Wall Street stumbled at the opening today as a rise in bond yields renewed investor concerns about inflation in an economy emerging from the pandemic.
Investors are unloading government debt “on persistent expectations for economic growth and inflation,” said Patrick O’Hare at Briefing.com The higher bond yields have weighed especially on technology shares which had been seen as a safe haven during the pandemic-induced economic uncertainty.
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