US stocks slip on renewed inflation fears

New York (AFP) – Wall Street stumbled at the opening Tuesday as a rise in bond yields renewed investor concerns about inflation in an economy emerging from the pandemic. At 1440 GMT the Dow Jones Industrial Average was off 0.16 percent at 33,119.35 while the tech-heavy Nasdaq lost 0.44 percent at 13,003.79. The broad Standard & Poor’s 500 index dipped 0.23 percent to 3,961.79. The markets reacted to a fresh uptick in the yield on 10-year Treasury bonds to 1.774 percent, the highest in 14 months. Investors are unloading government debt “on persistent expectations for economic growth and inflati…

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HEDGE accordingly