"Dow Drops Amid Weak Auctions and Major Stock Losses"
TL;DR Summary
U.S. stocks ended mixed on Tuesday amid a bond sell-off triggered by weak Treasury note auctions, with the Nasdaq Composite surpassing 17,000 points for the first time. The S&P 500 barely moved, while the Dow declined. Treasury yields rose, reflecting investor concerns about potential further interest rate hikes. Hawkish comments from a Federal Reserve official and mixed economic data added to market uncertainty.
- Stock Market News Today: Weak note auctions boost yields, weigh on stocks (SP500) Seeking Alpha
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- Dow's 325-point fall led by losses for Merck, Amgen stocks MarketWatch
- The bond market isn't having a good day ForexLive
- Merck, Salesforce share losses lead Dow's nearly 125-point drop MSN
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