McRocket
Gold Member
- Apr 4, 2018
- 5,031
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- Banned
- #1
'The Dow Jones Industrial Average tumbled nearly 500 points in afternoon trade on Tuesday, pushing the blue-chip gauge to a roughly two-week low under the 24,000 mark. The Dow DJIA, -1.74% was most recently off 480 points, or 2%, at 23,955, with shares of tumbling 3M Co. MMM, -6.83% and a rise in yields to a psychological level at 3%, undercutting appetite for equities and weighing mightily on the market. Higher yields can translate to elevated borrowing costs for American corporations, despite the fact that it implies a strengthening domestic economy.'
Dow drops to 2-week low under 24,000 as Wall Street contends with rising bond yields
So much for the tax cuts that will force the economy to boom?
Dow drops to 2-week low under 24,000 as Wall Street contends with rising bond yields
So much for the tax cuts that will force the economy to boom?