The dow jones industrial average closed at 52,093.11, down 328.09 points or 0.63% in U.S. trading, according to Yahoo Finance.
Traders and investors pushed the dow jones industrial average lower as U.S. Treasury yields rose; Reuters reported that rising long-term yields have been weighing on stocks this week.
The slide followed a broader market drop: CNBC’s market live updates noted losses across major indexes, and the S&P 500 also closed lower on Sept. 14 per a related market roundup.
Higher Treasury yields were a key driver. The Wall Street Journal’s live coverage said the yield on the benchmark 10-year U.S. Treasury note hit about 5.011% shortly after 10 a.m. ET, a level that has pressured interest-rate sensitive stocks.
Market commentary from Reuters described the move as part of a broader bond-market selloff that has pushed yields toward multiyear highs and helped send the Dow down more than 300 points on the session.
What to watch next: investors will be watching Treasury yields and economic data for clues on Federal Reserve policy and whether higher borrowing costs will keep weighing on the dow jones industrial average.
Sources
- Yahoo Finance — closing level and point change for the Dow Jones Industrial Average (52,093.11, -328.09, -0.63%).
- Reuters — reporting that rising long-term Treasury yields and a bond-market selloff have pressured U.S. stocks.
- Wall Street Journal — reported the 10-year U.S. Treasury yield reached about 5.011% shortly after 10 a.m. ET.
- CNBC — live market updates noting losses across major indexes during the session.
