Home » Dow skids lower early Thursday and S&P 500, Nasdaq head for worst day in nearly 2 months as Treasury rates slump
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Dow skids lower early Thursday and S&P 500, Nasdaq head for worst day in nearly 2 months as Treasury rates slump

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U.S. stock indexes early Thursday headed for their worst day in weeks as yields on government debt extended a decline, with investors shying away from bets on a blistering economic recovery and rising inflation.The Dow Jones Industrial Average
DJIA,
-1.05%
was down 373 points, or 1.1%, at around 34,313, the S&P 500 index
SPX,
-1.27%
lost 55 points, or 1.3%, at 4,303 and the Nasdaq Composite Index
COMP,
-1.38%
declined 1.6% to 14,424, on pace for its worst single-day slide since May 12 at their intraday lows. The drop for stocks came as the 10-year Treasury note
TMUBMUSD10Y,
1.296%
was at 1.31%, hanging near its lowest levels since February and suggesting that fixed-income investors are spooked about the economic path forward or the markets, or both.

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Julia Mangels

Julia has handled various businesses throughout her career and has a deep domain knowledge. She founded Stock Market Pioneer in an attempt to bring the latest news to its readers. She is glued to the stock market most of the times and just loves being in touch with the developments in the business world.

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