Stock Market Today: Dow Falls 400 Points; 10-Year Treasury Yield at 5% — Live Updates - WSJ — SkimNews
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- Dow Jones fell 400 points and stocks closed broadly lower, with MarketWatch framing the move as "pre-Fed jitters"
- 10-year Treasury yield hit 5%, a 19-year high, while crude oil topped $106 a barrel—simultaneously squeezing borrowing costs and energy expenses
Why it matters: A 19-year-high yield at 5% paired with oil above $106 creates a dual squeeze on capital and input costs right as the Fed prepares to set policy, compressing the runway for risk assets.
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