Nasdaq drops over 1% at open as surging bond yields hammer tech shares

  • 9/28/2021
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The Nasdaq fell the most among Wall Street indexes at open on Tuesday as technology heavyweights came under pressure from a surge in bond yields on expectations of higher interest rates and rising inflation. The Dow Jones Industrial Average (.DJI) fell 121.67 points, or 0.35%, at the open to 34,747.70. The S&P 500 (.SPX) opened lower by 23.57 points, or 0.53%, at 4,419.54, while the Nasdaq Composite (.IXIC) dropped 182.76 points, or 1.22%, to 14,787.21 at the opening bell. Reporting by Devik Jain in Bengaluru; Editing by Maju Samuel Our Standards: The Thomson Reuters Trust Principles.

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