Summary
NEW YORK - Wall Street plunged Tuesday as investors, driving the Dow Jones industrial average down nearly 130 points, grappled with a seemingly relentless rise in bond yields.
It was a fitful trading session that saw stocks tumble, claw their way back and then plummet again when the yield on the 10- year Treasury note soared to a five-year high of 5.295 percent. The climb in bond yields exacerbated jitters about mortgage rates rising, which could hurt the already sluggish housing market, and about the Federal Reserve raising interest rates.See the full content of this document
Extract
Stocks Plunge As Bond Yields Soar
Surging takeover activity had helped boost stocks to ...
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