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US stocks open lower as Treasury yields remain high
![IndiaTimes]()
Friday, 20 October 2023
Wall Street stocks dipped as Treasury yields remained high and traders monitored the conflict in the Middle East. The Dow Jones Industrial Average decreased by 0.2%, the S&P 500 Index slipped by 0.2%, and the Nasdaq Composite Index dropped by 0.4%. The yield on the 10-year US Treasury note briefly surpassed 5% for the first time since 2007. The market is also keeping an eye on the US House of Representatives' effort to elect a new Speaker, which is hindering legislative work.
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