Stocks open lower as Treasury yields extend rise after data deluge


U.S. stocks opened lower Wednesday, under pressure as Treasury yields extended a rise following a pre-Thanksgiving data dump, including a plunge in first-time weekly jobless claims to the lowest reading since 1969. The Dow Jones Industrial Average DJIA, -0.32% wasdown 212 points, or 0.6%, at 35,601, while the S&P 500 SPX, -0.29% fell 0.5% to 4,666.71. The tech-heavy Nasdaq Composite COMP, -0.46% shed 124 points, or 0.8%, to 15,650. Tech and other growth stocks are particularly sensitive to rising yields. The yield on the 10-year Treasury note TMUBMUSD10Y, 1.675% rose 1.8 basis points to 1.682%. U.S. markets will be closed Thursday for the Thanksgiving Day holiday.

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