Dow drops 1.1% as bond yields hit one-year high

MSN
2026.05.16 03:29
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The Dow dropped 1.1% after reaching over 50,000 earlier in the week, as the 10-year Treasury yield hit a one-year high of 4.5%, causing market unease. Additionally, crude oil prices surged above $105 per barrel due to rising tensions in the Middle East.