Lengthy-term bond yields hit a recent 16-year excessive Wednesday, weighing on shares already pressured by the battle in Gaza and company earnings outcomes.
The ten-year U.S. Treasury yield rose to 4.902%, the very best closing stage since July 2007. The S&P 500 fell 1.3%. The Dow Jones Industrial Common shed 332.57 factors, or 1%. The Nasdaq Composite misplaced 1.6%.
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