"U.S. Stocks Dip as 10-Year Treasury Yield Surpasses 5% for First Time in 14 Years"

1 min read
Source: MarketWatch
"U.S. Stocks Dip as 10-Year Treasury Yield Surpasses 5% for First Time in 14 Years"
Photo: MarketWatch
TL;DR Summary

U.S. stocks opened lower as the 10-year Treasury yield surpassed 5% for the first time since 2007, raising concerns about higher interest rates. The Dow Jones Industrial Average dropped 0.5%, while the S&P 500 and Nasdaq Composite fell 0.4% and 0.5% respectively. Investors are also anticipating a busy week of corporate earnings, including reports from top tech companies such as Microsoft, Alphabet, Meta, and Amazon.

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