Stocks Take a Tumble as Bond Yields Hover Near 3-Month High
U.S. stocks took a tumble Tuesday as rising bond yields deepened a rout in shares of technology companies. As reported by the Wall Street Journal, the S&P 500 fell 2%, the Nasdaq Composite Index slid 2.8%, and the Dow Jones Industrial Average shed 570 points, or 1.6%, to 34299. Tuesday’s…
bubmagSeptember 29, 2021