• Nasdaq crushed with 3% drop, as 10-year Treasury yield hits 1.73%

    In a volatile session the Nasdaq Composite dropped over 3% or 400 points as bond yields continued to march higher sending the 10-year Treasury yield to 1.73%, a 14-month high. The S&P 500 fell 1.5% while the Dow Jones Industrial Average gave up all of its gains, still JPMorgan and Goldman Sachs closed higher.

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