Yesterday (even worse today?), the Dow Jones lost 1,063 points (3.12%), the Nasdaq Composite fell 4.99% (its lowest closing level since November 2020).
Both of those losses were the worst single-day drops since 2020.
The S&P 500 fell 3.56%.
This stocks plummet erased the rise from a day earlier.
The 10-year Treasury yield, which moves opposite of price, surged back above 3% on Thursday to its highest level since 2018.
https://www.cnbc.com/2022/05/04/stoc...lose-news.html
The Bank of England also hiked interest rates to 1%.
With an expected inflation of 10.25% (nearly double its previous forecast of 5.75%).
https://news.sky.com/story/interest-...-high-12605700
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