S&P 500, Nasdaq open lower as rising yields dent tech shares

The S&P 500 and Nasdaq opened lower on Tuesday, as rising Treasury yields weighed on major technology stocks, while bank shares extended gains as investors priced in early monetary policy tightening by the Federal Reserve.

The Dow Jones Industrial Average rose 0.67 points at the open to 35,619.92. The S&P 500 opened lower by 4.46 points, or 0.10 per cent, at 4,678.48, while the Nasdaq Composite dropped 45.25 points, or 0.29 per cent, to 15,809.50 at the opening bell.