The Dow was down 289 points, or 1 per cent, at the market open. The S&P 500 fell 1.1 per cent and The Nasdaq composite was 1.1 per cent lower, CNN reported.
A sudden and substantial rise in real interest rates, or inflation-adjusted rates, could lead to a further selloff in US stocks, particularly in highly valued sectors, the International Monetary Fund (IMF) warned.
The equity markets opened marginally higher after consecutive declines. IT, consumer durable, gas indices rose higher while pharma, PSU banks, declined the most.
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