Sep 28, 2021 1 min read

Rising bond yields send Nasdaq 1% lower

The Nasdaq, Dow Jones and the S&P 500 all drop lower at the open.
Rising bond yields send Nasdaq 1% lower
Nasdaq

The rise in inflation and expectations that the Federal Reserve will raise interest rates sent the Nasdaq index 1% lower at the open on Tuesday as a surge in bond yields weighed on tech stocks.

Fed chair Jay Powell in pre-released comments last night, warned that the Fed might have to act in raising rates if inflation becomes more persistent than anticipated.

The Dow Jones Industrial Average fell 121.67 points, or 0.35%, at the open to 34,747.70.

The S&P 500 opened lower by 23.57 points, or 0.53%, at 4,419.54, while the Nasdaq Composite dropped 182.76 points, or 1.22%, to 14,787.21 at the opening bell.

Topics

Buy UK shares commission-free on eToro
Invest in top-performing stocks from leading global markets with a free account on eToro.

Comments

Commenting on this article is only available to premium subscribers.

Join the conversation

You must Sign up or Log in to comment.

Great! You’ve successfully signed up.
Welcome back! You've successfully signed in.
You've successfully subscribed to Investomania.
Your link has expired.
Success! Check your email for magic link to sign-in.
Success! Your billing info has been updated.
Your billing was not updated.