"Market Update: Dow Sinks, Yields Rise, and AT&T Data Breach"

1 min read
Source: Investor's Business Daily
"Market Update: Dow Sinks, Yields Rise, and AT&T Data Breach"
Photo: Investor's Business Daily
TL;DR Summary

The Dow Jones Industrial Average dropped over 200 points as Treasury yields continued to rise, with the S&P 500 falling in the middle and the Nasdaq managing to eke out a gain. Home Depot's stock tested its 50-day moving average after announcing plans to acquire SRS Distribution, while 3M's stock surged following a $12.5 billion settlement approval and the spinoff of its healthcare business. Trump Media & Technology Group (DJT) plunged over 21% after reporting a loss of more than $58 million in 2023, while Micron Technology climbed 5.5% and Bitcoin-related stocks experienced a sell-off. Alphabet (GOOGL) surged 3% and broke out of a cup base with a 153.78 buy point.

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