Brace yourself! The downward adjustment of the Dow Jones Index has caused many stocks to follow the adjustment.
Modified in.10-31
The Dow Jones Industrial Average fell more than 400 points overnight, and U.S. bond yields hit a three-month high
The Dow fell more than 400 points overnight, recording its biggest one-day drop in a month. U.S. Treasury Bond yields hit a three-month high, and the 10-year U.S. Treasury Bond yield, which is sensitive to interest rate expectations, rose as high as 4.26%, a three-month high. The Bank of Canada announced a 0.5% cut in its overnight rate target to 3.75%.
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