Interest Rate Fears Turn Markets Downward
CRMsalesforce(CRM) zacks.com·2024-05-30 07:01

Wednesday, May 29th, 2024 Bond yields kept moving precariously higher today. This is a major reason for today’s big selloff in the equities markets, just a day removed from the Nasdaq notching another all-time closing high. But it was the Dow that took it on the chin for this session, down -411 points or -1.06%, bringing levels down to where they were a month ago. The S&P 500 was down -0.74% on the day, while the Nasdaq shed -99 points, -0.58%. The small- cap Russell 2000 was down an even more precarious -1 ...