Early Thursday, U.S. stock indexes were on track for their worst day in weeks as government bond yields continued to fall, as investors shied away from bets on a rapid economic rebound and increasing inflation. The Dow Jones Industrial Average DJIA, -1.35 percent was down 373 points, or 1.1 percent, at around 34,313, the S&P 500 index SPX, -1.41 percent was down 55 points, or 1.3 percent, at 4,303, and the Nasdaq Composite Index COMP, -1.53 percent was down 1.6 percent at 14,424, on track for its worst single-day drop since May 12 at their iShares website. Stocks fell as the 10-year Treasury note TMUBMUSD10Y, 1.290 percent fell to 1.31 percent, its lowest level since February, indicating that fixed-income investors are concerned about the economy, markets, or both./n
Read More
