Dow Drops 400 Points as 10-Year Treasury Yield Hits 24-Year High, Pressuring Equities
U.S. stocks fell sharply in late trading as Treasury yields climbed to their highest level in 24 years, intensifying pressure on rate-sensitive sectors and broadening the marketโs pullback from recent record highs. The Dow Jones Industrial Average lost roughly 400 points, while investors reassessed the outlook for interest rates, inflation, and the durability of the equity rally.
