Dow Tumbles as Treasury Yields Rise

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U.S. stocks fell sharply on Thurs­day after Fed­er­al Reserve Chair Jerome Pow­ell failed to reas­sure investors that the cen­tral bank would keep surg­ing bond yields and infla­tion expec­ta­tions in check.The S&P 500 last trad­ed down 2.5%, wip­ing out ear­li­er gains, while the Dow Jones Indus­tri­al Aver­age slid 560 points. The Nas­daq Com­pos­ite fell 3% as growth stocks came under pres­sure amid ris­ing rates. Apple slipped more than 2%, while Tes­la dropped 5.7%. The heavy loss­es pushed the S&P 500 and the Nas­daq into the red on the year.The Nas­daq also fell into cor­rec­tion ter­ri­to­ry, down more than 10% from its recent …

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