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Dow Sinks and Treasury Yields Spike on Powell s Inflation Comments

Dow Sinks and Treasury Yields Spike on Powell s Inflation Comments TheStreet 3/4/2021 © TheStreet Dow Sinks and Treasury Yields Spike on Powell s Inflation Comments Stocks finished sharply lower Thursday after Federal Reserve Chairman Jerome Powell said that a recent surge in Treasury yields caught his attention but that the central bank would be patient before changing policy even if inflation were to tick higher. Popular Searches At one point the Dow was down as much as 722 points, or 2.3%. Leading the Dow lower on Thursday were chipmaker Intel , down 2.6%, and home-improvement retailer Home Depot , off 2.5%. The top laggard in the Nasdaq 100: Marvell Technology , giving back 12%. A number of other chipmakers and related companies were lower as well, including Applied Materials , ASML Holding , Microchip Technology and Micron .

Stock Market Today With Jim Cramer: Buy Tech Stocks

Stock futures trade lower ahead of monthly jobs report

Stocks Waver, Yields Climb After Jobs Report

By Joe Wallace and Karen Langley U.S. stocks swung between gains and losses in a wild trading session Friday after February s stronger-than-expected employment report helped government bond. | March 11, 2021

Premarket stocks: Every investor wants an answer to this question

Premarket stocks: Every investor wants an answer to this question CNN 3/5/2021 By Julia Horowitz, CNN Business © Susan Walsh/Pool/Getty Images WASHINGTON, DC - DECEMBER 01: Federal Reserve Chairman Jerome Powell listens during a Senate Banking Committee hearing about the quarterly CARES Act report on Capitol Hill December 1, 2020 in Washington, DC. (Photo by Susan Walsh-Pool/Getty Images) A wave of anxiety is sweeping through stock and bond markets as investors prepare to enter a new phase of the pandemic. Popular Searches What s happening: Concerns are growing that a strong economic recovery later this year will cause a spike in inflation. That s sparked a selloff in government bonds. When prices fall, yields rise, which weighs on stocks.

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