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Barchart
Barchart
Rich Asplund

SHOCKING: Stocks tumble on higher bond yields - What They Never Told You

The S&P 500 Index ($SPX) (SPY) today is down by -1.26%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -1.23%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -1.38%.  September E-mini S&P futures (ESU25) are down -1.25%, and September E-mini Nasdaq futures (NQU25) are down -1.33%. 

Stock indexes are falling sharply today, with the S&P 500 and Dow Jones Industrials falling to 1-week lows and the Nasdaq 100 dropping to a 1.5-week low.  Higher bond yields are weighing on stocks today and sparking risk-off sentiment in asset markets, with the 10-year T-note yield up +5 bp to 4.28%.  Global bond yields are climbing today on concerns over government finances and lingering inflation risks.   

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