NEW YORK, May 9 — Wall Street stocks fell early today, extending a rocky run from the end of last week as markets weigh ongoing worries about inflation and higher interest rates.
The yield on the 10-year US Treasury note climbed higher, pushing further above three per cent early today. “There are misgivings about the achievability of earnings growth estimates and the resiliency of the US consumer in the face of persistent inflation pressures and rising interest rates.”The broad-based S&P 500 shed 1.9 per cent to 4,045.07, while the tech-rich Nasdaq Composite Index dropped 2.1 per cent to 11,889.02.
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