US stock indexes opened lower on Wednesday, dragged down by megacap stocks including Tesla as Treasury yields rebounded with investors seeking more clarity on the Federal Reserve\’s plans for interest rate cuts.
The Dow Jones Industrial Average fell 65.4 points, or 0.17%, at the open to 38818.9. The S&P 500 fell 18.7 points, or 0.36%, at the open to 5168.98, while the Nasdaq Composite dropped 106.5 points, or 0.65%, to 16226.067 at the opening bell.
More to come…
