US stocks: US market opens lower as bond yields and oil rebound; Fed minutes in focus

On Wednesday, Wall Street opened to a downturn, with the Dow Jones Industrial Average declining by 325.06 points, highlighting a sense of caution among investors. The S&P 500 and Nasdaq Composite mirrored this negativity, influenced by the spike in Treasury yields. With the release of the Federal Reserve's meeting minutes looming, investor sentiment remained cautious amid climbing Treasury yields and oil prices.