Wall Street Falls At Open On Inflation Concerns, Rising Yields

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The Dow Jones Industrial Average fell 113.2 points, or 0.36 percent, at the open to 31381.12.

Reuters

February 22, 2021 / 08:12 PM IST

Wall Street’s main indexes opened lower on Monday as climbing Treasury yields and prospects of rising inflation triggered valuation concerns, hitting shares of technology-related companies.

The Dow Jones Industrial Average fell 113.2 points, or 0.36 percent, at the open to 31381.12.

The S&P 500 fell 21.2 points, or 0.54 percent, at the open to 3885.55, while the Nasdaq Composite dropped 160.3 points, or 1.16 percent, to 13714.202 at the opening bell.

 

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