
Stock Market Overview

U.S. Stock Indexes Close Sharply Lower With S&P 500 at a 1-month Low as T-note Yields Climb
The S&P 500 Index ($SPX) on Thursday closed down -1.34%, the Dow Jones Industrials Index ($DOWI) closed down -1.11%, and the Nasdaq 100 Index ($IUXX) closed down -1.73%.
U.S stock indexes on Thursday erased an early rally and sold off, with the S&P 500 ($SPX) and Dow Jones Industrials ($DOWI) falling to 1-month lows and the Nasdaq 100 ($IUXX) dropping to a 2-1/2 month low. A surge in T-note yields on Thursday undercut stocks, as did weakness in technology stocks that weighed on the overall market.
T-notes yields on Thursday jumped with the 10-year T-note yield climbing +6.6 bp to 1.547% on disappointment about comments from Fed Chair Powell. Yields rose fell when Mr. Powell, during a speech Thursday, did not express concern over the recent jump in T-note yields to 1-year highs and said that only "disorderly" market conditions would concern him.
Thursday's U.S economic data was supportive for stocks. U.S. weekly initial unemployment claims rose... Read more
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Associated Press - 1 hour agoTechnology companies led another broad sell-off on Wall Street Thursday as a spike in bond yields put more pressure on the market's high-flying stocks.
Associated Press - Thu Mar 4, 4:34PM CST