The Economic Times

Why is the US stock market down today? Dow Jones, Nasdaq and S&P 500 in deep red rising Treasury yields, oil prices and Fed uncertainty weigh on stocks

Why is the US stock market down today? The Dow Jones crashes today, falling 565 points, or 1.10%. The S&P 500 slipped 0.68% to 7,765.65, while the Nasdaq fell 0.83% to 27,370.15. Rising Treasury yields are driving much of the pressure. The 10-year yield climbed above 5.36%, its highest level since April 2002. Oil also rose, with Brent above $101, adding fresh inflation concerns ahead of the Federal Reserve minutes.