US stocks opened lower on October 8 as oil prices surged and Treasury yields stayed near multi-year highs. The Dow Jones Industrial Average fell 178.5 points to 51,001.38. Investors got worried about inflation ahead of the new earnings season, which will show if corporate profits can keep their current momentum.
Oct 8 (Reuters) - US stocks opened lower on Thursday as oil prices surged and Treasury yields hovered near multi-year highs, stoking inflation worries ahead of an earnings season that will test whether corporate profits can sustain the momentum.
The Dow Jones Industrial Average (.DJI), opens new tab fell 178.5 points, or 0.35%, at the open to 51,001.38. The S&P 500 (.SPX), opens new tab fell 28.9 points, or 0.37%, at the open to 7,772.87, while the Nasdaq Composite (.IXIC), opens new tab fell 135.05 points, or 0.49%, to 27,403.64 at the opening bell.
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