U.S. Stocks Open Lower Amid Rising Bond Yields
By Caitlin Ostroff U.S. stocks opened lower Monday, as rising bond yields prompted concern that technology shares are looking too expensive. The Dow Jones Industrial Average fell 198 points, or 0.6%, shortly after the opening bell. The S&P 500 dropped 0.4% and the Nasdaq Composite declined 1.4%. Investors' bets on an economic rebound later in the year have contributed to a selloff in U.S. government bonds in recent weeks. Declining bond prices result in rising yields, which have stoked concern that highflying stocks are starting to look less attractive than assets considered...
Source: marketscreener.com