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Surging Yields Crush Stocks

Stock quotes in this article: GD , CMG , MSFT , PSUN , COST , PG , WMT  

Updated from 4:13 p.m. EDT

Stocks in New York sold off for the third time in as many sessions and closed sharply lower Thursday as bond yields skyrocketed.

The Dow Jones Industrial Average was down 198.94 points, or 1.5%, at 13,266.73. The S&P 500 was off 26.66 points, or 1.8%, at 1490.72, and the Nasdaq Composite was lower by 45.80 points, or 1.8%, at 2541.38.

Every one of the 30 Dow components were negative. The worst performers included Wal-Mart (WMT Quote), Microsoft (MSFT Quote), 3M (MMM Quote) and AT&T (T Quote). ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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