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 retaile...
Source: msn.com