Stocks Have Their Worst Day in Months on Fears of Changes to Easy-Money Policies
Stocks and bonds tumbled, with the Dow industrials and S&P 500 posting their biggest percentage losses since the Brexit selloff.
Fresh signs that central banks could be backing away from easy-money policies helped boost the dollar, while investors sold shares of dividend payers like utilities and telecommunications companies that have been popular with income-seeking investors while rates have been low. Yields on some government bonds reached their highest levels since late June.
The Dow Jones Industrial Average fell 394.46 points, or 2.1%, to 18085.45. The S&P 500 declined 2.45%.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.