Dow Drops 200 Points; Bond Yields Climb
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- The Dow dropped 200 points in a mixed session where the S&P 500 and Nasdaq diverged despite strong second-quarter earnings, with bond yields rising on the day.
- Honeywell and Alphabet share losses contributed a 162-point drag to the Dow, while oil prices hit $82 and Dow Jones futures sat at 53,807.
Why it matters: The Dow's 200-point decline landed despite strong Q2 earnings, indicating that rising bond yields and $82 oil are overriding corporate fundamentals for the session and pressuring industrials like Honeywell alongside tech names like Alphabet.
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