Rising bond yields continued to stymie the stock market on Thursday after the U.S. House of Representatives narrowly passed President Donald Trump’s tax-and-spending bill.
The Dow Jones Industrial Average was down 112 points, or 0.3%. The S&P 500 was down 0.1%. The Nasdaq Composite was up 0.1%.
The yield on the 30-year Treasury note was up to 5.12% after spiking as high as 5.15% earlier in the morning.
Latest News
- Scotiabank Reaffirms $225 Target for Palo Alto Networks After Solid Q3 Results
- Why Reddit Stock Was Falling This Week
- Fiscal Concerns Seen as Bigger Threat to Dollar Than to Bonds
- SunRun and Other Solar Stocks Fall on Tax Bill
- Hinge Health Gains in Market Debut
- The bond market is shaking Wall Street again, this time because of worries about tax cuts
