NEW YORK, April 22 — Major US stock indices were in a downbeat mood at the start of trading today, after hawkish comments from the Federal Reserve chief, turmoil in tech stocks and rising bond yields.
The yield on the 10-year US Treasury note, a benchmark for borrowing costs, was just below 2.9 per cent early Friday in anticipation of the central bank’s move. About an hour into trading, the benchmark Dow Jones Industrial Average had lost 1.3 per cent to 34,354.26.
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