Wall St opens lower on pressure from elevated Treasury yields

US Main Stock Indexes Open Lower on Monday

US main stock indexes opened lower on Monday (Dec 30), as sparse trading volumes and the spectre of rising Treasury yields cast a cloud over the traditionally strong year-end rally for equities.

Market Performance

The Dow Jones Industrial Average fell 128.3 points, or 0.30 per cent, at the open to 42,863.86.

The S&P 500 fell 50.2 points, or 0.84 per cent, at the open to 5,920.67​, while the Nasdaq Composite dropped 261.6 points, or 1.33 per cent, to 19,460.413 at the opening bell.

Reasons Behind the Decline

The decline in the US main stock indexes can be attributed to the sparse trading volumes and the spectre of rising Treasury yields. This has cast a cloud over the traditionally strong year-end rally for equities.

Conclusion

In conclusion, the US main stock indexes opened lower on Monday due to sparse trading volumes and the spectre of rising Treasury yields. This has led to a decline in the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite.

FAQs

Q: What was the reason behind the decline in the US main stock indexes?

A: The decline was attributed to sparse trading volumes and the spectre of rising Treasury yields.

Q: Which stock indexes were affected?

A: The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite were all affected.

Q: What is the significance of the year-end rally for equities?

A: The year-end rally for equities is traditionally strong, but the decline in the US main stock indexes has cast a cloud over this rally.