Wall Street opens lower as bond yields jump; Fed meeting in focus By Reuters

March 17, 2021 admin Stock News 0

© Reuters. The front facade of the NYSE is seen in New York

(Reuters) – Wall Street’s main indexes opened lower on Wednesday as U.S. bond yields spiked ahead of the Federal Reserve’s policy statement which could provide hints on whether the central bank would raise interest rates sooner than expected.

The fell 0.4 points at the open to 32825.52. The fell 13.1 points, or 0.33%, at the open to 3949.57, while the dropped 134.7 points, or 1.00%, to 13336.915 at the opening bell.

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