Stocks opened lower on Thursday, giving back a chunk of the previous session's bounce, as Treasurys saw a resumed selloff that pushed yields back up. Stocks rose sharply Wednesday, ending a six-day losing streak that had sent the Dow Jones Industrial Average and S&P 500 to their lowest closes since November 2020. The bounce came as global bond yields fell after the Bank of England moved to buy U.K. government bonds to arrest a market meltdown. Yields were back on the rise Thursday, with the 2-year Treasury rate /zigman2/quotes/211347045/realtime BX:TMUBMUSD02Y +1.24% up 9 basis points at 4.19%. The Dow /zigman2/quotes/210598065/realtime DJIA -1.40% was down 300 points, or 1%, at 29,383, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.79% dropped 1.4% to 3,669 and the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -1.93% shed 1.8% to trade at 10,848.