Economy

S&P 500, Dow slip from record highs at open as bond yields spike

Economy (Mar 12, 2021 09:40AM ET)2S&P 500, Dow slip from record highs at open as bond yields spike

© Reuters. FILE PHOTO: The Nasdaq logo is displayed at the Nasdaq Market site in New York

(Reuters) – The S&P 500 and the Dow opened lower on Friday after closing at record highs in the previous session, as a spike in U.S. bond yields reignited inflation worries and dented appetite for high-growth stocks.

The Dow Jones Industrial Average fell 23.2 points, or 0.07%, at the open to 32462.4 and the S&P 500 fell 14.8 points, or 0.38%, at the open to 3924.52​, while the Nasdaq Composite dropped 175.9 points, or 1.31%, to 13222.813 at the opening bell.S&P 500, Dow slip from record highs at open as bond yields spike2Comments (2)

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