Market check: Stocks fall in early trading, tech renews declines, Tilray shares soar

view original post

MarketWatch

Stocks open lower as rising yields keep pressure on tech

Stocks opened lower Monday, with tech shares continuing to feel pressure as investors pencil in more aggressive expectations for tightening of monetary policy by the Federal Reserve in 2022. The Dow Jones Industrial Average was down around 140 points, or 0.4%, at 36,091, while the S&P 500 fell 0.8% to 4,638. The tech-heavy Nasdaq Composite shed 1.5% to 14,717. Tech and other growth-oriented stocks tend to be more sensitive to rising interest rates. Treasury yields rose sharply last week, getting

Related Posts