U.S. stocks tank as Treasury yields surge
Message : Required fields NEW YORK (Reuters) - Wall Streets main indexes recoiled from record highs on Thursday as surging U.S. Treasury yields took the shine off stocks now that a strong economic recovery looked more certain and investors clung to concerns that inflation would rise. The S&P 500 was down more than 2% at one point, and retreating technology stocks dragged the Nasdaq down more than 3% as the benchmark 10-year note yield surged more than 20 basis points to a one-year high abov...
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Source: marketscreener.com