Nasdaq drops at open as U.S. stimulus fuels inflation jitters By Reuters

© Reuters. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City

(Reuters) – The Nasdaq opened lower on Monday as the passage of a $1.9 trillion COVID-19 relief package by the U.S. Senate lifted bond yields, pressuring richly valued technology stocks and sparking inflation concerns.

The dropped 15.9 points, or 0.12%, to 12904.264 at the opening bell. The rose 15.9 points, or 0.05%, to 31512.15, while rose 2.4 points, or 0.06%, at the open to 3844.39.

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