World News | Stocks Open Lower on Wall Street, Treasury Yields Climb
Get latest articles and stories on World at LatestLY. Stocks are opening broadly lower on Wall Street and Treasury yields continued to climb.
New York, Feb 18 (AP) Stocks are opening broadly lower on Wall Street and Treasury yields continued to climb.
The S&P 500 index gave up 0.8 per cent in the first few minutes of trading Thursday and the tech-heavy Nasdaq was down slightly more, 1.1 per cent.
The Dow Jones Industrial Average also pulled back 0.8 per cent. Dow component Walmart slumped 6 per cent after reporting weaker results than analysts were expecting.
Another weak report on the job market also discouraged investors.
The government reported that applications for jobless benefits rose last week to 861,000.
That's the latest indication that layoffs remain high as coronavirus shutdowns keep many business closed. (AP)
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)