U.S. stocks open lower as oil, yields rise and manufacturing weakens

  • Major U.S. stock indexes opened lower Tuesday as crude prices and Treasury yields rose.
  • The Dow fell 118.0 points, or 0.23%, to 52,303.24 at the open.
  • The Empire State Manufacturing Index fell to 7.6 in September from 20.6 in August, while AI demand uncertainty also weighed on sentiment.

Major U.S. stock indexes opened lower Tuesday as higher crude prices, elevated Treasury yields and uncertainty over AI demand restrained investors. The Dow Jones Industrial Average fell 118.0 points, or 0.23%, to 52,303.24; the S&P 500 dropped 7.7 points, or 0.10%, to 7,612.3; and the Nasdaq Composite declined 46.2 points, or 0.18%, to 26,140.227. The New York Fed’s Empire State Manufacturing Index fell to 7.6 in September from 20.6 in August, below the 14.75 market estimate. Energy shares gained 0.9%, while real estate stocks fell 1%.

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