TODAY: Nasdaq Drops 2%, Records Its Worst Day in 5 Months

Nasdaq Drops 2%, Records Its Worst Day in 5 Months

A surprise U.S. credit rating downgrade from Fitch and a spike in bond yields were contributing to the stock market’s declines.

1 min

• Tech Stocks Slide on Fear Over Rates. It’s Just Like 2022.
• 10-Year Treasury Yield Jumps to Highest Level Since November
• What China’s New Smartphone Rules Mean for Tech Stocks
• The S&P 500 Hasn’t Had Many Ugly Days This Year. That’s a Pretty Good Sign.

A surprise U.S. credit rating downgrade from Fitch and a spike in bond yields were contributing to the stock market’s declines.

1 min

• Tech Stocks Slide on Fear Over Rates. It’s Just Like 2022.
• 10-Year Treasury Yield Jumps to Highest Level Since November
• What China’s New Smartphone Rules Mean for Tech Stocks
• The S&P 500 Hasn’t Had Many Ugly Days This Year. That’s a Pretty Good Sign.