Treasuries Stabilize After Selloff, Stocks Decline: Markets Wrap - Bloomberg.com — SkimNews
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- Dow Jones dropped more than 300 points to start the trading week as rising Treasury yields weighed on equities, per CNBC and Yahoo Finance.
- S&P 500 and Nasdaq both declined alongside the Dow, with every major U.S. index finishing lower as the Treasury selloff continued, per WSJ and Yahoo Finance.
- U.S. Treasuries stabilized after a selloff, though yields remained elevated enough to keep pressure on stocks throughout the session, per Bloomberg.
Why it matters: Every major U.S. index fell and Treasury yields climbed simultaneously, with the Dow shedding 300+ points—evidence the rate-driven selloff is broad-based across equities rather than confined to rate-sensitive sectors, while Bloomberg notes Treasuries stabilizing could cap further damage.
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