Wall Street opened lower as rising Treasury yields exerted pressure on the stock market, particularly impacting the S&P 500 index. The Federal Reserve's recent meeting results have led to an increase in Treasury yields, contributing to market volatility. President Trump's administration faces a challenging financial landscape, with $7 trillion of debt set to be refinanced in 2025. Additionally, Trump's initiative to eliminate the U.S. debt ceiling has resulted in significant turbulence in the bond market, causing 30-year Treasury bonds to reach lows not seen since 2024. Analysts suggest that stocks are likely to remain volatile in the near future as these economic pressures unfold.