The Wall Street Journal News Alert
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%.
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