Stocks open lower as investors track bond yields

Stocks opened modestly lower Wednesday, under pressure as investors kept an eye on Treasury yields and sifted through data on private-sector payrolls. The Dow Jones Industrial Average fell around 134 points, or 0.4%, to 34,180, while the S&P 500 was down 0.4% near 4,326 and the Nasdaq Composite declined 0.5% to 14,358. Stock futures had dropped ahead of the opening bell as the yield on the 10-year Treasury note pushed toward 1.56%. Yields subsequently pulled back. U.S. private-sector employment increased by a stronger-than-expected 568,000 in September, according to the ADP National Economic Report released Wednesday. Analysts said strong jobs data could help affirm expectations the Federal Reserve will move soon to begin tapering its monthly bond purchases. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Stocks open lower as investors track bond yields
Stocks opened modestly lower Wednesday, under pressure as investors kept an eye on Treasury yields and sifted through data on private-sector payrolls. The Dow Jones Industrial Average fell around 134 points, or 0.4%, to 34,180, while the S&P 500 was down 0.4% near 4,326 and the Nasdaq Composite declined 0.5% to 14,358. Stock futures had dropped ahead of the opening bell as the yield on the 10-year Treasury note pushed toward 1.56%. Yields subsequently pulled back. U.S. private-sector employment increased by a stronger-than-expected 568,000 in September, according to the ADP National Economic Report released Wednesday. Analysts said strong jobs data could help affirm expectations the Federal Reserve will move soon to begin tapering its monthly bond purchases. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.