Dow Dips, Tech Gains as Yields Rise

The three major US stock indices on Wall Street opened mixed. While the 10-year Treasury yield rose to around 5.3%, dragging down the Dow Jones Industrial Average, which is centered on cyclical stocks, technology stocks showed strength due to M&A (mergers and acquisitions) news. On October 5 (local time), the Dow Jones 30 Industrial Average opened at 51,199.25 on the New York Stock Exchange (NYSE) and was trading at 51,051.23 as of 9:35 a.m., down 125.73 points (0.25%) from...