U.S. stocks fell sharply Thursday as an outsized surge in bond yields spooked investors, who rushed to dump risk assets, especially high-flying technology names. The Dow Jones Industrial Average dropped 559.85 points, or 1.8%, to 31,402.01, slipping from a record high. The S&P 500 lost 2.5% to 3,829.34 in its […]
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Dow falls 300 points amid surging bond yields, tech shares lead decline
U.S. stocks fell sharply Thursday as an outsized surge in bond yields spooked investors, who rushed to dump risk assets, especially high-flying technology names. The Dow Jones Industrial Average dropped 300 points after falling 590 points at its session low. The S&P 500 lost 1.4%, off its lowest level of […]
The 10-year Treasury yield jumps above 1.6% in a rapid move, unnerving investors
The 10-year U.S. Treasury yield briefly topped the 1.6% level on Thursday, hitting its highest level in more than a year. The yield on the benchmark 10-year Treasury note climbed was trading at 1.491%, up about 10 basis points on the session. A basis point is equal to 0.01%. The […]
Why stock investors are starting to really worry about rising bond yields
Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee hearing on “The Quarterly CARES Act Report to Congress” on Capitol Hill in Washington, December 1, 2020. Susan Walsh | Pool | Reuters Stock investors are trying desperately to interpret what a rise in bond yields means for the […]
Sell-off accelerates amid surging bond yields, Dow falls 500 points
U.S. stocks fell sharply on Thursday as a surge in bond yields prompted investors to dump risk assets, especially high-flying technology stocks. The Dow Jones Industrial Average fell 500 points after closing at a record high in the previous session. The S&P 500 lost 2%, while the tech-heavy Nasdaq Composite […]
Jeff Bezos’ Blue Origin delays the first launch of next-generation rocket New Glenn to late 2022
A “pathfinder” version of the New Glenn rocket in the company’s manufacturing facility. Blue Origin Jeff Bezos’ space venture Blue Origin delayed the first launch of its New Glenn rocket by a year, citing the loss of key Pentagon launch contracts to competitors SpaceX and ULA as the catalyst for […]
The 10-year Treasury yield rises to a one-year high of 1.49% in a rapid move, unnerving investors
The 10-year U.S. Treasury yield topped the 1.49% level on Thursday morning, its highest level in more than a year. The yield on the benchmark 10-year Treasury note climbed to 1.494%, its highest level since Feb. 21, 2020. It was up about 10 basis points on the session. A basis […]
The 10-year Treasury yield rose to a one-year high of 1.49% in rapid move unnerving investors
The 10-year U.S. Treasury yield topped the 1.49% level on Thursday morning, its highest level in more than a year. The yield on the benchmark 10-year Treasury note climbed to 1.494%, its highest level since February 21, 2020. It was up about 10 basis points on the session. A basis […]
Robinhood offers blistering retort to ‘elitist’ criticisms from Munger
Pavlo Gonchar | LightRocket | Getty Images Robinhood fired back at Berkshire Hathaway vice chairman Charlie Munger, who earlier this week said the free-trading app was having a “regrettable” impact on investors. The longtime business partner of Warren Buffett on Wednesday addressed the running controversy over Robinhood and similar applications, […]
Trump tax returns are now in the hands of the Manhattan district attorney
President Donald Trump speaks to reporters as he departs for travel to Minnesota from the South Lawn of the White House in Washington, U.S. October 10, 2019. Jonathan Ernst | Reuters Former President Donald Trump’s tax records have been turned over to Manhattan District Attorney Cyrus Vance Jr. following the […]