Stocks get whacked after the 10-year hits 3%

pulse

April 24, 2018 9:17 PM

The 10-year Treasury yield passed a key level of 3% on Tuesday, and all three major US indices closed lower.

Stocks nosedived Tuesday, with the Dow Jones industrial average sinking 600 points at session lows. The selling came after the 10-year Treasury yield hit 3%, spooking markets. The dollar edged lower after a week of gains.

Here's the scoreboard:

Dow Jones Industrial Average:

Bank of Canada Governor Stephen Poloz speaks.

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