Dow Jones Tumbles as Treasury Yields Spike and Fed Signals More Tightening
The Dow Jones Industrial Average closed at 53,560 on Wednesday, marking a steep loss of 66%—the sharpest decline among the major indexes. The sell-off was driven by a surge in the 10-year Treasury note yield, which climbed to a 24-year high of 5%. This yield spike rattled equity markets, as higher borrowing costs pressure corporate […]