© Reuters. FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar/File Photo
(Reuters) – Wall Street’s main indexes opened lower on Monday as heavyweight technology stocks dropped on expectations of a high interest rate environment, while big banks extended gains after U.S. Treasury yields climbed to new two-year highs.
The fell 56.45 points, or 0.16%, at the open to 36,175.21. The opened lower by 21.69 points, or 0.46%, at 4,655.34, while the dropped 184.12 points, or 1.23%, to 14,751.78 at the opening bell.
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