Rising rates slam Wall St.; Dow sees biggest drop since 2016


NEW YORK (Reuters) – All three major U.S. stock indexes tumbled Friday with the Dow seeing its worst percentage drop since June 2016 as climbing bond yields prompted a selloff in equities. The Dow Jones Industrial Average .DJI fell 665.75 points, or 2.54 percent, to 25,520.96, the S&P 500 .SPX lost 59.98 points, or 2.13 percent, to 2,762 and the Nasdaq Composite .IXIC dropped 144.92 points, or 1.96 percent, to 7,240.95. Reporting by Stephen Culp; Editing by Nick ZieminskiOur Standards:The Thomson Reuters Trust Principles.
Source: Reuters