KQED Nightly Business Report June 22, 2024
2015. About 25 of the constituents of that index and a third of all of the dow components now sit in bear market territory, meaning they have fallen 20 or more from their highs. By the close, the major averages all lost at least 2 of their value, the Dow Jones Industrial average plummeted 358 points to 16,990, breaking below 17,000. The nasdaq off 141 and the s p 500 shed 43 points. As stocks fell, so did bond yields. The tenyear yield hovering around 2 , the lowest in four months. Much of the selling had to do with uncertainty over the timing of a rate hike by the Federal Reserve and over con...