Dow Falls Over 300 Points As Treasury Yields Surge: Investor Sentiment Weakens, Fear & Greed Index Remains In ‘Neutral’ Zone
benzinga_article·
- U.S. stocks closed lower on Wednesday, with the Dow Jones falling over 300 points as the benchmark 10 - year Treasury note yield surged to its highest level since April 2002.
- Mortgage application volume dropped by 4.2 % in the week ending Oct. 2, marking the fifth consecutive decline, while the CNN Money Fear and Greed index dropped to 45 while staying in the Neutral zone.
- Most sectors on the S&P 500 recorded losses, led by industrials, materials, and real estate, whereas health care and consumer discretionary stocks closed higher.