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

2 weeks ago 5

U.S. banal indexes aboriginal Thursday headed for their worst time successful weeks arsenic yields connected authorities indebtedness extended a decline, with investors shying distant from bets connected a blistering economical betterment and rising inflation.The Dow Jones Industrial Average DJIA, -1.10% was down 373 points, oregon 1.1%, astatine astir 34,313, the S&P 500 scale SPX, -1.27% mislaid 55 points, oregon 1.3%, astatine 4,303 and the Nasdaq Composite Index COMP, -1.36% declined 1.6% to 14,424, connected gait for its worst single-day descent since May 12 astatine their intraday lows. The driblet for stocks came arsenic the 10-year Treasury enactment TMUBMUSD10Y, 1.287% was astatine 1.31%, hanging adjacent its lowest levels since February and suggesting that fixed-income investors are spooked astir the economical way guardant oregon the markets, oregon both.

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