Dow Slides Friday, Posts Worst Week Since March Amid Rising Treasury Yields
The blue-chip index fell for a third straight week as bond yields climbed, according to CNBC.
The Dow Jones Industrial Average declined on Friday, closing out its worst weekly performance since March, according to a report by CNBC.
The report said the index notched a third consecutive losing week, with rising Treasury yields cited as a factor weighing on stocks.
CNBC did not provide specific point or percentage figures for Friday's decline in the excerpt reviewed, nor detailed commentary from analysts on the drivers behind the yield increase.
The report was part of CNBC's ongoing live coverage of stock market activity, which tracks daily movements across major indexes including the Dow, the S&P 500 and the Nasdaq Composite.
Further details on the specific factors behind the rise in Treasury yields and their broader market impact were not included in the available excerpt.
Sources
- Dow falls Friday and posts worst week since March as Treasury yields rise: Live updates — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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