Dow, S&P 500 open higher on lower yields, Apple slides
(Reuters) – The Dow and the S&P 500 opened higher on Wednesday as easing Treasury yields gently lifted rate-sensitive growth stocks, but the gains were capped by losses in Apple Inc after it dropped plans to boost iPhone production.
The Dow Jones Industrial Average rose 63.9 points, or 0.22%, at the open to 29,198.92. The S&P 500 rose 4.7 points, or 0.13%, at the open to 3,651.94, while the Nasdaq Composite dropped 12.0 points, or 0.11%, to 10,817.525 at the opening bell.
(Reporting by Ankika Biswas; Editing by Arun Koyyur)
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