Rising rates slam Wall Street; Dow sees biggest drop since 2016
All three major U.S. stock indexes tumbled Friday with the Dow seeing its worst percentage drop since June 2016 as climbing bond yields prompted a selloff in equities.
The Dow Jones Industrial Average fell 665.75 points, or 2.54 percent, to 25,520.96, the S&P 500 lost 59.98 points, or 2.13 percent, to 2,762 and the Nasdaq Composite dropped 144.92 points, or 1.96 percent, to 7,240.95.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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