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Treasury Yields Resume Their Rise
The Wall Street Journal1d agoneutral
Treasury Yields Resume Their Rise

MARKETS PM NEWSLETTER This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here. What Happened in Markets Today Stock indexes dropped sharply as yields surged.

U.S. Stocks Drop as Treasury Yields Surge
The Wall Street Journal1d agoneutral
U.S. Stocks Drop as Treasury Yields Surge

The tech-heavy Nasdaq Composite paced the day’s losses after hitting record highs in the previous two sessions, falling 308.24 points, or 1.13%, to 26936.04. The S&P 500 fell 58.61 points, or 0.75%, to 7706.03. Iranian President Masoud Pezeshkian said at the United Nations that Iran is ready for negotiations to end the conflict with the U.S. but warned that Tehran will never surrender to what he called Washington’s bullying, or give up its nuclear program.

McDonald's Drives the Dow Drop
Barrons.com1d agobearish
McDonald's Drives the Dow Drop

McDonald's stock was on track for its worst day in more than six years on Wednesday, taking the Dow Jones Industrial Average lower. It was down as much as 6.5% in what could be McDonald's largest single-day decline since March 2020. McDonald's was a roughly 76-point drag on the Dow.

Stocks Slump as Wall Street Shifts Risk-Off
Barrons.com1d agobearish
Stocks Slump as Wall Street Shifts Risk-Off

Stocks declined as the tone on Wall Street shifted away from risk amid mounting geopolitical uncertainties. The downturn marked a breather from the recent tech stock rally. The tech-heavy Nasdaq Composite dove 1%, pulling back from the record high it set the session prior.