BOND

HDFC Bank's US-listed shares rose as Anup Bagchi took over as CEO, with investors watching how he tackles weak profitability, governance concerns and post-merger integration.

Sallie Mae shares dropped after the lender reported an unexpected third-quarter loss, reduced its profit outlook and raised its forecast for loan charge-offs.

The Dow fell in early trading as Treasury yields reached their highest levels in more than two decades and oil prices rose, offsetting gains in technology stocks.

Treasury yields have surged to levels not seen in nearly two decades, raising borrowing costs for American consumers and impacting mortgages and auto loans amid inflation and fiscal concerns.