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U.S. stocks return to red as markets deal with aggressive rate hikes

Por: CBS News Business September 29, 2022

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Stocks plunged on Wall Street Thursday as bond yields marched higher and put the squeeze back on markets. The S&P 500 dropped 79 points, or 2.1%, to 3,640. Nearly every stock in the benchmark index lost ground. The Dow Jones Industrial Average dropped 458 points, or 1.5%, to 29,225 and the Nasdaq fell 2.8%.The slide marked a reversal from Wednesday, when stocks jumped and bond yields tumbled in relief after the Bank of England moved forcefully... + full article



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