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Stock Market Today: Tech weighs on Nasdaq, S&P 500 as bond yields rise; Dow up 250 points

The article from MarketWatch discusses the recent downturn in the U.S. stock market, where Dow futures extended losses following a significant 697-point drop. This decline is attributed to rising Treasury yields, with the 10-year Treasury yield reaching its highest level since November 2022, reflecting concerns over inflation and potential Federal Reserve actions. Investors are reacting to fears that the Fed might maintain higher interest rates for an extended period to combat inflation, which has been stubbornly high. The market's reaction also comes amidst mixed economic signals, including robust job growth but also signs of economic slowdown. Key sectors like technology and finance are particularly affected, with major companies like Apple, Microsoft, and banks like JPMorgan Chase experiencing notable declines. Additionally, the article touches on broader market sentiment, with investors seeking safety in bonds and other less volatile assets, while also highlighting specific corporate news and earnings reports influencing individual stock movements.

Read the Full MarketWatch Article at:
[ https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-extend-losses-after-697-point-tumble-as-yields-rise ]