Stock market today: Dow falls, S&P 500 and Nasdaq retreat from records as Treasury yields hit 24-year high
US stocks fell on Friday as Treasury yields rose, with the Dow Jones down 500 points, and S&P 500 and Nasdaq retreating from their record highs. This decline follows a tech rally as oil prices and bond yields pushed higher. Investors are awaiting the Fed minutes for further market direction.
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- β The Dow Jones fell 500 points.
- β S&P 500 and Nasdaq retreated from their record highs.
- β Treasury yields hit a 24-year high.
What changed
Treasury yields hit a 24-year high, causing the Dow Jones to fall 500 points and S&P 500 and Nasdaq to retreat from their record highs.
Live updates
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Dow falls, S&P 500 and Nasdaq retreat from records as Treasury yields hit 24-year high
US stocks fell on Friday as Treasury yields rose, with the Dow Jones down 500 points, and S&P 500 and Nasdaq retreating from their record highs. This decline follows a tech rally as oil prices and bond yields pushed higher. Investors are awaiting the Fed minutes for further market direction.
Why it matters
The stock market's decline is attributed to rising Treasury yields, which have reached a 24-year high. This increase in yields has revived inflation concerns, affecting the market's performance. The Dow Jones, S&P 500, and Nasdaq had previously set records, but have since retreated.
What is confirmed
- The Dow Jones fell 500 points.
- S&P 500 and Nasdaq retreated from their record highs.
- Treasury yields hit a 24-year high.
What to watch next
- Fed minutes release
- Future Treasury yield movements
- Oil price fluctuations
confidence 80%Sources used for this update (11)
- economictimes.indiatimes.com β Dow Jones
- MarketWatch β Stock Market Today: S&P 500, Dow and Nasdaq set for a steady start after record day as oil prices, bond yields push higher; Fed minutes on tap
- WSJ β Stock Market Today: S&P 500, Nasdaq Futures Hover Near Record Highs β Live Updates
- Yahoo Finance β Stock market today: Dow, S&P 500, Nasdaq futures fall after tech rally as Treasury yields rise
- finance.yahoo.com β Stock market today: Dow falls 500 points, S&P 500 and Nasdaq ...
- Investor's Business Daily β Stock Market Today: Dow Cuts Sharp Losses As Some Techs Rally; AbbVie Breaks Out (Live Coverage)
- Channel 3000 β Wall Street retreats from its record as stocks fall worldwide
- flipboard.com β Stock market today: Dow, S&P 500, Nasdaq futures fall as oil rises, reviving inflation worries
- www.cnbc.com β Stock market today: Live updates - CNBC
- flipboard.com β Stock market today: Dow, S&P 500, Nasdaq futures rise as oil prices fall, tech recovers
- www.europesays.com β Stock market today: Dow falls 500 points, S&P 500 and Nasdaq ...
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