US: Wall St opens lower after Moody’s rating cut; yields rise

[NEW YORK] Wall Street’s main indexes opened lower on Monday (May 19) as Treasury yields rose after Moody’s downgraded the US sovereign rating, sharpening focus on its mounting debt.

The Dow Jones Industrial Average fell 111.9 points, or 0.26 per cent, at the open to 42,542.81.

The S&P 500 fell 55.5 points, or 0.93 per cent, at the open to 5,902.88​, while the Nasdaq Composite dropped 273.7 points, or 1.42 per cent, to 18,937.417 at the opening bell. REUTERS