Wall Street opens lower as bond yields stay high


US stocks opened lower on Monday as Treasury yields continued to rise on expectations of a tighter monetary policy, while Bank of America wrapped up earnings from Wall Street lenders with a better-than-expected quarterly profit.

The Dow Jones Industrial Average fell 39.74 points, or 0.12%, at the open to 34,411.49.

The S&P 500 opened lower by 6.96 points, or 0.16%, at 4,385.63, while the Nasdaq Composite dropped 31.69 points, or 0.24%, to 13,319.39 at the opening bell.

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