Wall Street stumbled Thursday morning, with tech stocks selling off and the 10-year Treasury bond yield climbing to a new 13-month high.
Just a day after remarks from Federal Reserve Chairman Jerome Powell appeased the market, all bets are off again. All three stock indexes opened lower. More than an hour after the market opened the Dow ( INDU) crept up 0.4%, or 115 points, the day after the index closed above the 33,000 point mark Wednesday for the first time in history. Meanwhile, the other two benchmarks remain deep in the red: The S&P 500 ( SPX) was down 0.5%, and the more tech-focused Nasdaq Composite ( COMP) fell 1.5%. The 10-year Treasury yield reached a new 13-month high, climbing 0.1% to 1.
