Dow and Nasdaq Close Lower as Treasury Yields Reach Fresh Highs
The Dow Jones Industrial Average and the Nasdaq closed lower for a third consecutive session, pressured by rising Treasury yields. The benchmark 10-year yield reached its highest level in about a year at 4.6%, while the 30-year yield hit nearly 5.2%. Investors are concerned that elevated borrowing costs may persist if inflation remains sticky.
Topics: inflation concerns stock market decline Treasury yields