As a hurricane hits, this happens:
Markets will close in 15 minutes after a daylong Wall Street bloodbath. pic.twitter.com/HyDhGQIjj1— Jim Roberts (@nycjim) October 10, 2018
Why? It’s the same story that has plagued markets for days now. Once-highflying tech has led markets lower as yields rise, with the 10-year Treasury note’s yield reaching its highest point in more than a decade yesterday.
and it closes more than 831 points down (about 3.15%).
NEW YORK (AP) — Stocks suffer worst loss in 8 months as rising interest rates pull investors out of the market; tech stocks hit hardest.— Kyle Griffin (@kylegriffin1) October 10, 2018
DOW is down ~1000 for the day in after hours trading.— Steven Dennis (@StevenTDennis) October 10, 2018