Dow falls 400 points as 10-year yield rises to highest level in 24 years: Live updates
The Dow Jones fell 400 points on Friday as the 10-year Treasury yield rose to its highest level in 24 years. Stock futures were little changed after the S&P 500 hit a fresh record earlier in the week. The Nasdaq Composite dropped over 1% on Thursday, its largest one-day loss since mid-August. Global markets retreated from records as stocks fell worldwide.
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- β The Dow Jones fell 400 points.
- β The 10-year Treasury yield rose to its highest level in 24 years.
- β The Nasdaq Composite dropped over 1% on Thursday.
- β The S&P 500 hit a fresh record earlier in the week.
What changed
The Dow Jones fell 400 points as the 10-year Treasury yield continued to rise, reaching its highest level in 24 years.
Live updates
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Dow falls 400 points as 10-year yield rises to 24-year high
The Dow Jones fell 400 points on Friday as the 10-year Treasury yield rose to its highest level in 24 years. Stock futures were little changed after the S&P 500 hit a fresh record earlier in the week. The Nasdaq Composite dropped over 1% on Thursday, its largest one-day loss since mid-August. Global markets retreated from records as stocks fell worldwide.
Why it matters
The surge in bond yields and oil prices has rattled stocks, extending losses after indexes hit records earlier in the week. Rising yields and oil prices have sparked concerns about inflation and economic growth. The Dow Jones and S&P 500 had previously hit fresh records, driven by a rally in tech stocks.
What is confirmed
- The Dow Jones fell 400 points.
- The 10-year Treasury yield rose to its highest level in 24 years.
- The Nasdaq Composite dropped over 1% on Thursday.
- The S&P 500 hit a fresh record earlier in the week.
Still unconfirmed
- No confirmed rumors available.
What to watch next
- Fed minutes release
- Oil price movements
- Global market reactions
confidence 85%Sources used for this update (11)
- economictimes.indiatimes.com β Dow Jones
- coinpedia.org β Short News
- CNBC β Stock futures are little changed after S&P 500 hits fresh record: Live updates
- www.cnbc.com β Stock market today: Live updates
- WSJ β Stock Market Today: S&P 500, Nasdaq Futures Hover Near Record Highs β Live Updates
- Bloomberg.com β Record Run for US Stocks to Set Tone for Asia: Markets Wrap
- Reuters β Wall St futures fall as yields and oil rebound; Fed minutes in focus
- Anchorage Daily News β Wall Street retreats from its record as stocks fall worldwide
- www.businessinsider.com β Stocks tumble as oil prices jump and bond yields touch 24 ...
- energynews.today β Dow futures tumble 400 points as yields continue rising; oil ...
- www.cnbc.com β Stock market today: Live updates - CNBC
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