Wall Street opens lower amid rising interest rates

Markets 5/17/2018, 3:32 PM
Wall Street opens lower amid rising interest rates

Markets in the United States opened in the red on Thursday as the bond market remained in focus with rising Treasury yields. Meanwhile, Cisco led the losses, dipping around 4% as investors digested worse-than-expected corporate results on Wednesday. Market watchers were also closely following the trade talks between Washington and Beijing after the second round kicked off this week.

The Dow Jones Industrial Average index fell 0.17% in the first few minutes of trading. Cisco was the main loser, down 3.74% after weak earnings.

The S&P 500 lost 0.09% at the start of the session, led by the losses in the financial sector.

The Nasdaq 100 declined 0.27% at the open.

The euro decreased 0.13% against the US dollar to sell for 1.1792 at 3:34 pm CET.

Breaking the News / VK

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