Wall Street opens lower as rally in growth stocks falters

BENGALURU: 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 opening to 3,753.25​, while the Nasdaq Composite dropped 153.7 points, or 1.38%, to 11,022.672 at the opening bell.

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