Key facts
- Wall Street's main indexes opened lower on Wednesday.
- Rising crude oil prices and government bond yields pressured the indexes.
- Investors awaited developments from negotiations to end the Middle East conflict.
- A high-stakes US-China summit was also on the horizon.
Wall Street's main indexes opened lower on Wednesday, pressured by rising crude prices and government bond yields. Investors were also awaiting developments from negotiations aimed at ending the Middle East conflict, with a high-stakes US-China summit also on the horizon.
The Dow Jones Industrial Average fell 92.3 points, or 0.18%, at the open to 51,771.41. The S&P 500 dropped 2.7 points, or 0.03%, to 7,761.94, while the Nasdaq Composite declined 30.8 points, or 0.11%, to 27,213.519 at the opening bell.
Separately, Wall Street had opened modestly lower on Friday as worries about the banking industry persisted, despite lifelines being provided to some institutions. The S&P 500 was down 0.3% in early trading, the Dow lost 0.6%, and the Nasdaq was little changed. This followed a week of market volatility spurred by the failures of two U.S. banks, with Credit Suisse and First Republic Bank being key focuses. Treasury yields had sunk on Friday.