Wall Street Opens Lower as Treasury Yields Rise

The main indices of the New York Stock Exchange (NYSE) opened lower on Tuesday, amid a surge in the U.S. Treasury bond yields.

The Dow Jones Industrial Average is down by 75.32 points, or 0.23%, at 33,096.05 points.

The S&P 500 index declined by 12.44 points, or 0.31%, at 3,958.65 points.

Meanwhile, the Nasdaq Composite Index is down by 37.25 points, or 0.29%, at 13,022.57 points, due to the losses seen by tech stocks on the rise in Treasury yields.

The benchmark U.S. Treasury 10-year bond yield is up by 0.023% at 1.744%.