Dow Tanks 500 Points and the 10-Year Yield Just Hit a Level Not Seen Since 2007
TLDR
- The Dow Jones Industrial Average fell 500 points, or about 1%, on Tuesday
- The 10-year Treasury yield briefly rose above 5% for the first time since 2007
- WTI crude oil hit $103 a barrel, with Brent crude at around $102
- The Federal Reserve is expected to raise interest rates at its Wednesday meeting
- Chip stocks bucked the trend,
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