Dow falls 200 points as oil and bond yields rebound
In short
US stocks fell on Thursday, with the Dow Jones down about 200 points. The US 10-year bond yield jumped to 5.13% from around 5%, and the US dollar index moved above 103.
What the reporting says
US stocks fell, with the Dow Jones down about 200 points, as oil and bond yields rebounded after aggressive speeches by Fed officials. The US 10-year bond yield climbed to 5.13% on Thursday from around 5% earlier, and the US dollar index moved above 103. Nvidia also slipped to a 52-week low, adding to pressure on the market.
Why it matters
US markets weakened as bond yields and the dollar rose after aggressive comments from Federal Reserve officials. The US 10-year yield moved up to 5.13% from about 5%, while the dollar index topped 103. The move added pressure across equities, with Nvidia hitting a 52-week low and the Dow losing about 200 points.