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US STOCKS SNAPSHOT-Wall St opens lower as megacaps drag
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US STOCKS SNAPSHOT-Wall St opens lower as megacaps drag
May 8, 2024 7:06 AM

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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