Stock Market Today: S&P 500, Dow Jones Fall as Canada Trade Curbs
U.S. stocks opened lower Wednesday as investors weighed a fresh escalation in U.S.-Canada trade restrictions, elevated Treasury yields and growing expectations that the Federal Reserve could raise interest rates at its September meeting. The Dow Jones Industrial Average opened at 52,707.9, down 0.15%, while the S&P 500 started 0.17% lower at 7,660.68. The Nasdaq Composite fell 0.36% to 26,325.06 at the opening bell, according to Reuters. Selling intensified shortly after trading began. At about 9:46 a.m. ET, the Dow was at 52,435.25, down 0.68%, after touching 52,381.24. The S&P 500 stood at 7,652.80, down 0.27%, with an early-session low of 7,646.91. S&P 500 Futures Reverse Ahead of the Opening Bell The weaker cash-market open followed a notable reversal in S&P 500 futures. E-mini S&P 500 futures had climbed toward 7,690 earlier Wednesday before turning sharply lower and approaching 7,665 as the opening bell neared. E-mini S&P 500 Futures Pre-Open Reversal․ Source: FactSet The reversal showed how quickly sentiment deteriorated as investors reassessed trade policy, Treasury yields and the likelihood of additional monetary tightening. Dow Jones Selling Accelerates After the Open The Dow suffered the sharper early decline. Its 30-minute chart shows the index opening around 52,713 before falling through 52,700 and then 52,500. Discover more Compare Exchange Rates Compare Credit Cards financial Dow
