Reported 4 months ago
The stock market slid as the Dow Jones Industrial Average led the decline by dropping over 1% and shedding more than 400 points, while the S&P 500 fell over 0.7% and the Nasdaq Composite declined 0.6% due to rising Treasury yields causing investor nervousness over potential interest rate changes. Stocks are dropping as investors worry about a possible Federal Reserve decision to keep rates higher for longer amid concerns about a jump in US bond yields after a recent government debt auction faltered. Conversely, Salesforce stock tumbled after a revenue forecast disappointment, while Netflix stock rose following bullish calls on its growth trajectory.
Source: YAHOO