TELETRADER News
10/3, 8:12 PM
(Source: TeleTrader)
Dow plunges 500 pts on data, rising Treasury yields
Major stock market indexes in the United States continued to fall on Tuesday after the country reported a higher-than-expected rise in new job openings. Meanwhile, the benchmark 10-year United States Treasury yield reacted to the general uncertainty about the Federal Reserve's future monetary policy decisions and went up to its 16-year high.
The Dow Jones Industrial Average plunged by 1.50 or 502 points at 2:11 pm ET. At the same time, the Nasdaq 100 slid by 2.03% or 301 points. The S&P 500 plummeted by 1.64%.
The euro lost 0.12% to the dollar to sell for $1.04647 at 8:13 pm ET. At that moment, the pound sterling decreased by 0.11% against the greenback to change hands for $1.20737.