Wall Street Opens Flat as Investors Track Oil Prices, Bond Yields
What Happened
US stocks were largely flat in early trade on September 2 as slightly lower crude prices and Treasury yields offered some relief after the previous session’s sell-off. Investors also assessed weaker-than-expected private payroll data, while Middle East tensions continued to keep sentiment cautious.
Key Takeaways
The muted opening showed that investors remained cautious about inflation and interest-rate risks. For India, movements in US bond yields, crude oil and technology stocks could influence foreign investment flows and sentiment in domestic IT shares.