Wall Street opens lower as spike in yields pressures tech stocks

📆 31/3/2021 1:17 am
📰 ChannelNewsAsia

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Wall Street's main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related stocks, while undervalued banks and ...

Wall Street's main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related stocks, while undervalued banks and industrial stocks that stand to benefit from a re-opening economy edged higher.

FILE PHOTO: American flags hang from the facade of the New York Stock Exchange building after the start of Thursday's trading session in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo

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Wall Street drops as tech stocks hit by spike in yieldsWall Street's main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related stocks, while undervalued banks and ...
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