New York, Oct 7, 2026 (AFP) - US stocks open sharply lower as oil prices, bond yields jump

NAMPA / AFP

2026-10-07

Wall Street stocks tumbled early Wednesday, with major indexes pulling back from records as oil prices and Treasury yields climbed. Shortly after trading started, the Dow Jones Industrial Average lost 0.9 percent to 51,062.53 while the broad-based S&P 500 Index fell 0.5 percent to 7,777.17. The tech-heavy Nasdaq Composite Index stumbled 0.8 percent to 27,367.77. "It looks a little bit like profit-taking" after both the S&P and Nasdaq hit all-time......

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