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US Stock Market Today: Nasdaq Slumps Over 1%, S&P 500, Dow In Red As Bond Yields Spike
The Dow Jones Industrial Average was down by 0.7%, with the S&P 500 falling by the same amount, the Nasdaq Composite logged a 1.3% reduction.
GlobeSignal-AImedium certainty
- Why it matters
- Rising bond yields typically weaken equity valuations, particularly for growth stocks, which the Nasdaq's larger decline reflects. Portfolio values for stock holders decreased across major indices.
- Most affected
- US stock investors — Portfolio values declined across Nasdaq, S&P 500, and Dow indices.
- Likely next
- Whether bond yields continue rising or stabilize, and whether the stock indices extend losses in following sessions.
Also reported by: Yahoo Finance
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