U.S. stocks opened little changed to slightly higher on Wednesday as investors wrestled with rising rates, with bond yields holding at multiyear peaks after surging on Tuesday on brisker-than-expected retails sales and manufacturing.
The Dow Jones Industrial Average was trading flat, up less than 0.1% at 24,711 after halting an eight session rally Tuesday as investors were spooked by the climb in the 10-year Treasury note to the highest level since 2011 above 3% on Tuesday. on Wednesday rates mostly held their ground as investors digested the recent moves in government paper.
The S&P 500 index advanced slightly, picking up 0.1% at 2,714, while the Nasdaq Composite Index rose about 0.1% to 7,358.
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Sumber : bpfnews.com