Wall Street opens weak: Oil and bond markets weigh on Dow, S&P 500 and Nasdaq

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Wall Street has started trading with losses. The Dow Jones, S&P 500 and Nasdaq are trading lower in early business, according to Handelsblatt. The paper cites developments in the commodity and bond markets as the drivers of the weakness – both prices and yields are rising there.

Oil and bonds set the tone

From Handelsblatt's perspective, the drivers of the losses are not the companies themselves, but the developments in neighboring markets.

Developments in the oil and bond markets are dominating the markets. There, prices and yields are rising.

Rising energy costs and higher yields are a classic warning signal on the stock markets – they fuel inflation and interest rate concerns and tend to weigh on stock prices. The fact that all three major US indices are declining simultaneously indicates that the pressure is broad across the market.

What could still shape the day

The picture on Wall Street is not yet complete. Handelsblatt sees further impulses for the stock markets to come.

Important impulses for the stock markets are still pending.

Which economic data, corporate announcements or central bank signals would tip the balance in the further course was open at the time of the report – the trading day on Wall Street had only just begun.