: U.S. stocks open modestly lower as Treasury yields hit 14-year high, UK prime minister resigns

U.S. stocks opened marginally lower on Thursday as investors reacted to Treasury yields touching 14-year highs, along with Tesla Inc. TSLA earnings that fell short of expectations and the resignation of U.K. Prime Minister Liz Truss. The S&P 500 SPX fell 4.5 points, or 0.1%, to 3,690. The Nasdaq Composite COMP shed 23 points, or 0.2%, to 10,657. The Dow Jones Industrial Average DJIA rose 44 points, or 0.2%, to 30,468, bolstered by International Business Machines Corp. IBM after the company beat on earnings, sending its shares higher. The yield on the 10-year Treasury was up 5 basis points to 4.169 in recent trade after briefly topping 4.170%, its highest level since 2007.

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