US STOCKS SNAPSHOT-Wall St opens lower as megacaps drag

BY Reuters | TREASURY | 05/08/24 09:33 AM EDT

May 8 (Reuters) - U.S. stock indexes opened lower on Wednesday, dragged down by megacap stocks including Tesla as Treasury yields rebounded with investors seeking more clarity on the Federal Reserve's plans for interest rate cuts.

The Dow Jones Industrial Average fell 65.4 points, or 0.17%, at the open to 38818.9. The S&P 500 fell 18.7 points, or 0.36%, at the open to 5168.98?, while the Nasdaq Composite dropped 106.5 points, or 0.65%, to 16226.067 at the opening bell. (Reporting by Sruthi Shankar in Bengaluru; Editing by Shinjini Ganguli)

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Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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