Wall Street's main indexes opened sharply lower and the Nasdaq shed 2% on Tuesday, weighed down by technology-related stocks with lofty valuations on worries over inflation. The Nasdaq Composite dropped 286.0 points, or 2.13%, to 13115.854 at the opening bell. The Dow Jones Industrial Average fell 170.1 points, or 0.49%, at the open to 34,572.74 and the S&P 500 fell 38.1 points, or 0.91%, at the open to 4,150.34​. ET, Dow e-minis were down 297 points, or 0.86%, S&P 500 e-minis were down 53.75 points, or 1.28%, and Nasdaq 100 e-minis were down 265 points, or 1.98%. Energy stocks including Occidental Petroleum Corp, APA Corp and Chevron Corp fell between 1.3% and 4% as oil prices declines sharply.

Source: Mint May 11, 2021 13:46 UTC