Dow tumbles 1 7%, Nasdaq set for worst week in months amid relenteless yield rise msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Dow tumbles 560 points for worst percentage fall in 3 weeks as bond yields surge MarketWatch 2/25/2021
MARKET SNAPSHOT
Stock-market benchmarks finished sharply lower on Thursday, after a surge in bond yields inspired a bout of fierce selling in equities amid concerns over tighter borrowing conditions down the road.
Investors also fretted higher bond rates could sap the relative attractiveness of buying stocks to the benefit of fixed-income investments. What did major indexes do?
The Dow Jones Industrial Average fell 559.85 points, or 1.8%, to 31,402.01, marking its biggest daily point and percentage drop since Jan 29.
The S&P 500 tumbled 96.09 points, or 2.5%, to end at 3,829.34, its biggest fall in over three weeks.
5 Things to Know Before the Stock Market Opens Thursday nbcphiladelphia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nbcphiladelphia.com Daily Mail and Mail on Sunday newspapers.