S&P 500, Dow slip from record highs at open as bond yields spike

FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York, U.S., February 12, 2021. REUTERS/Brendan McDermid

(Reuters) – The S&P 500 and the Dow opened lower on Friday after closing at record highs in the previous session, as a spike in U.S. bond yields reignited inflation worries and dented appetite for high-growth stocks.

The Dow Jones Industrial Average fell 23.2 points, or 0.07%, at the open to 32462.4 and the S&P 500 fell 14.8 points, or 0.38%, at the open to 3924.52, while the Nasdaq Composite dropped 175.9 points, or 1.31%, to 13222.813 at the opening bell.

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