Dow Slides 600 Points as Yields and Oil Prices Surge — SkimNews
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- Dow closed about 600 points lower as Treasury yields rose and oil prices climbed.
- Wall Street ended lower amid escalating Middle East tensions.
- S&P 500 retreated from record highs as hopes for a swift US‑Iran agreement faded.
- Nasdaq also fell from its record peak as the market reacted to higher yields and oil.
Why it matters: Investors see portfolio losses as the Dow’s 600‑point drop erodes equity values, while traders in Treasury bonds and oil benefit from rising yields and prices, tightening market liquidity.
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