Reported 4 months ago
The stock market fell on Wednesday, with the Dow leading the slide as rising Treasury yields raised concerns about interest rates. The S&P 500 and Nasdaq also declined as investors worried about the Federal Reserve keeping rates high. The 10-year Treasury yield hit 4.62%, its highest since early May, affecting stock performance. Notably, Salesforce stock tumbled after a revenue forecast miss, while Nvidia's post-earnings rally did not boost the overall market. Additionally, a surge in first-time homebuyers and ConocoPhillips's acquisition of Marathon Oil were notable market events.
Source: YAHOO