US OPEN: Wall Street opens lower as yields rise again

• The 10-year Treasury yield jumped to 1.47%
• ADP report below expectations
• Lyft (LYFT.US) recorded the highest level of ride volume since pandemic began

US indices launched today's session lower as yields increased once again. US 10-year Treasury note reversed course and edged higher to 1.46%. Meanwhile, the ADP report showed US companies added less jobs than expected in February. Investors will now focus  on the ISM non-manufacturing PMI data which will be published at 3:00 pm GMT. On the political front the Senate is planning to formally open debate on the pandemic-relief bill as soon as Wednesday afternoon, according to Bloomberg.

US100  - buyers failed to break above the downward trendline and index fell sharply. Price is currently testing major support at 13,000 pts. In case of a break below the aforementioned support, downward move may accelerate towards 12,755 pts level. Source: xStation5

Lyft (LYFT.US) stock rose more than 5% in premarket, after the company  last week recorded the highest level of ride volume since the beginning of the pandemic. The ride-hailing company expects to report a smaller quarterly loss than it had previously projected.

Lyft (LYFT.US) stock launched today’s session with a bullish price gap and  is approaching major resistance level at $60.00. Should a break above occur, upward impulse could be extended to the $65.90 handle. Source: xStation5

Las Vegas Sands (LVS.US) stock jumped 3% in the premarket after the casino operator  announced that it will sell its Las Vegas properties to private-equity firms Apollo Global  and VICI Properties for $6.25 billion. The sale includes The Venetian Resort Las Vegas and the Sands Expo and Convention Center. 

Wendy’s (WEN.US) stock fell more than 3% in premarket after the company posted disappointing quarterly figures. The restaurant chain missed estimates by a penny a share, with quarterly earnings of 17 cents per share. Revenue also came in below expectations. 

Dollar Tree (DLTR.US) stock fell 2% in pre-market despite upbeat quarterly figures. The discount retailer reported earnings of $2.13 per, slightly above market expectations of $2.11 per share. Revenue came in line with expectations.