Wall Street's main indexes opened lower on Thursday as a jump in Treasury yields knocked down growth stocks after the Federal Reserve signalled that another rate hike was in the offing this year.

The Dow Jones Industrial Average fell 108.65 points, or 0.32 percent, at the open to 34,332.23. The S&amp;P 500 opened lower by 27.84 points, or 0.63 percent, at 4,374.36, while the Nasdaq Composite dropped 141.07 points, or 1.05 percent, to 13,328.06 at the opening bell.

{ai:summary}<p>Wall Street indexes dropped as Treasury yields rose, impacting growth stocks after the Fed hinted at a forthcoming rate hike. The Dow Jones fell 0.32%, the S&P 500 decreased by 0.63%, and the Nasdaq Composite dropped 1.05%. #economy</p>

Wall Street Opens Lower as Hawkish Fed Lifts Yields, Growth Stocks Fall

Loading...