Dow Drops 400 Points Amid Rising Treasury Yields and Tech Decline

Reported 3 months ago

U.S. stocks fell sharply on Monday, with the Dow Jones Industrial Average dropping nearly 400 points, or 0.9%, as the 10-year Treasury yield surpassed 4% for the first time since August. The S&P 500 and Nasdaq also declined, influenced by a judge's ruling impacting Google's app store dominance and weak performances from major tech firms like Amazon and Alphabet. The market prepares for key inflation data and earnings reports while oil prices surged due to geopolitical tensions.

Source: YAHOO

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