Stocks fell sharply today after Federal Reserve Chair Powell failed to reassure investors that the central bank would keep surging bond yields and inflation expectations in check.
Dow Jones finished -346 at 30,924
S&P 500 finished -51 at 3,768
NASDAQ finished -274 at 12,723
The 10 Year Treasury closed up 7 basis points yielding 1.54%
Oil prices closed up $2.90 ending at $64.18 a barrel.
Gold prices closed down $20.20 ending at $1,695 an ounce.
In the days’ stock news:
U.S. stocks rose on Friday as better-than-expected third-quarter earnings reports...
Stocks closed up today after a slew of earnings results...
Stocks closed up today as investors digested new earnings data...