Dow Jones slides ~600 points as yields and oil rise
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Dow Jones Industrial Average closed 600 points lower as Treasury yields rose and oil prices climbed (CNBC).
- Treasury yields rose, adding pressure to stocks (CNBC).
- Oil prices ticked higher after Mideast fighting, pressuring the market (WSJ).
- Nasdaq dropped, as reported in the WSJ market update (WSJ).
- S&P 500 fell 9 points, according to the WSJ update (WSJ).
Why it matters: Equity investors see billions erased as the Dow falls ~600 points; higher Treasury yields lure money into bonds, prompting a rapid portfolio shift from stocks to fixed income.
