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Updated from 4:11 p.m. EDT
Rate fears and inflation anxiety wiped out the week's gains Friday as surging bond yields became too much for the bulls to bear.
The Dow Jones Industrial Average, which gained more than 40 points in the aftermath of a positive employment report, lost 96.46 points, or 0.86%, to 11,120.04. The S&P 500 fell 13.54 points, or 1.03%, to 1295.50, while the Nasdaq shed 22.15 points, or 0.94%, to 2339.02.
Of the 30 companies in the Dow, 27 closed lower. Alcoa(AA Quote), McDonald's(MCD Quote) and Verizon(VZ Quote) were the only names to escape the selloff. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,464.40 | 1,110.63 | 2,176.05 | 32.79 |
Oil *
77.05
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|
UP
30.69
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UP
4.98
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UP
6.87
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DOWN
0.38
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10 Yr
3.28%
SPDR Gold
116.62
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|
+0.29%
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+0.45%
|
+0.32%
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-1.15%
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