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Wall Street opens lower as rally in growth stocks falters

Wall Street opens lower as rally in growth stocks falters

[html](Reuters) – Wall Street opened lower on Wednesday due to weakness in megacap growth and technology stocks as Treasury yields rose, spurred…
                              

(Reuters) –     Wall Street opened lower on Wednesday due to weakness in megacap growth and technology stocks as Treasury yields rose, spurred by data that showed a resilient demand for labor despite rising interest rates.


The Dow Jones Industrial Average fell 238.0 points, or 0.78%, at the open to 30,078.36. The S&P 500 fell 37.7 points, or 0.99%, at the open to 3,753.25​, while the Nasdaq co*posite dropped 153.7 points, or 1.38%, to 11,022.672 at the opening bell.



(Reporting by Ankika Biswas in Bengaluru; Editing by Arun Koyyur)


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