Why is the stock market down? Dow drops as Treasury yields near highest level since 2007

Why is the stock market down? Dow drops as Treasury yields near highest level since 2007

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Wall Street fell sharply on Tuesday as it focused on the downside of a surprisingly strong job market. The S&P 500 dropped 1.4% to its lowest point in four months. The Dow Jones Industrial Average tumbled 430 points, or 1.3%, and wiped out the last of its gains made for the year so far. Some of…

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