U.S. stocks opened lower Wednesday amid rising yields as investors assessed fresh data on the housing market. The Dow Jones Industrial Average DJIA, -0.30% dipped 0.4% soon after the opening bell, while the S&P 500 SPX, -0.67% fell 0.5% and the Nasdaq Composite COMP, -0.82% slipped 0.
8%, according to FactSet data, at last check. The Commerce Department said Wednesday that construction on new U.S. homes fell a seasonally adjusted 8.1% in September while building permits for new homes rose 1.4%. Meanwhile, the yield on the 10-year Treasury note was trading up around nine basis points Wednesday morning at 4.09%, FactSet data show, at last check.
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