Stocks Take a Beating Friday as Bond Yields Spike, Fed Action Spooks Investors

All three benchmark indexes declined in a big way Friday. Here's what you need to know.
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The stock market was tanking on the afternoon of Friday, Feb. 2, as bond yields spiked, investors anticipated Fed rate hikes and earnings season hit a rough patch.

In late-session trading, the Dow Jones Industrial Average plummeted nearly 570 points, or 2.17%. The S&P 500 fell 49 points, or 1.71%, and the Nasdaq slid 102 points, or 1.39%.

Here's what you need to know. 

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