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Stock prices fall as Treasury yields rise after data floods

US stocks fell on Wednesday as Treasury yields expanded following a pre-Thanksgiving data dump, including the first weekly unemployment claim plunge to its lowest since 1969.Dow Jones Industrial Average
DJIA,
-0.35%

The S & P 500 fell 212 points at 35,601, or 0.6%.
SPX,
-0.37%

It decreased by 0.5% to 4,666.71.Nasdaq Composite Index, which makes heavy use of high tech
COMP,
-0.62%

It decreased by 124 points (0.8%) to 15,650. Tech and other growth stocks are particularly sensitive to rising yields. Yields on 10-year government bonds
TMUBMUSD10Y,
1.675%

It increased by 1.8 basis points to 1.682%. The US market will be closed on Thursday due to Thanksgiving holidays.

Stock prices fall as Treasury yields rise after data floods

Source link Stock prices fall as Treasury yields rise after data floods

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