Dow Falls >500 Points as Bond Yields Spike
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- Dow fell more than 500 points on Friday as tech stocks slumped and bond yields spiked.
- S&P 500 dropped as inflation‑related yield jumps rattled risk assets.
- Nasdaq slipped, ending its 12‑day winning streak amid the bond rally.
Why it matters: Equity investors lose billions as yields surge, while bond traders gain from higher rates; the shift forces risk‑on funds to rebalance, tightening liquidity for tech‑heavy portfolios.
