Dow Opens Down 235 Points as Alphabet, Nvidia and Caterpillar Lead 0.44% Slide
Updated
Updated · TradingView · Sep 1
Dow Opens Down 235 Points as Alphabet, Nvidia and Caterpillar Lead 0.44% Slide
3 articles · Updated · TradingView · Sep 1
Summary
235 points lower at the open, the Dow Jones Industrial Average fell 0.44%, with Alphabet down 2.21%, Nvidia 2.03% and Caterpillar 1.74% leading the decline.
Merck rose 1.84%, Johnson & Johnson 1.63% and Chevron 1.49%, partly offsetting the early selloff but not enough to lift the index.
Tuesday's weak open follows a broader Wall Street retreat driven by higher oil prices and a bond sell-off that pushed up rate-hike worries.
Brent crude was recently at $92.28 and the 10-year Treasury yield at 4.77%, pressures that have weighed most heavily on tech shares including Nvidia.