Wall St opens lower as oil jump, high yields fuel inflation concerns

US stocks opened lower on Thursday as oil prices surged and Treasury yields hovered near multi-year highs, stoking inflation worries ahead of an earnings season that will test whether corporate profits can sustain the momentum.

The Dow Jones Industrial Average fell 178.5 points, or 0.35 percent, at the open to 51,001.38. The S&P 500 fell 28.9 points, or 0.37 percent, at the open to 7,772.87, while the Nasdaq Composite fell 135.05 points, or 0.49 percent, to 27,403.64 at the opening bell.

Reuters

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