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© Reuters. The Dow suffered its worst day since February on Wednesday.
Investing.com – The Dow suffered its worst day since February as fears of rising interest rates and a meltdown in tech shares prompted investors to flee risk assets.
The fell about 3.15%. The fell 3.29%, while the fell 4.08%.
A sea of red washed over Wall Street as investors shunned risk assets in favor of less riskier ones like bonds, which have become more attractive following a run up in yields.
The 10-year Treasury note yield rallied most of the day on stronger wholesale inflation data, but ended lower as post-auction supply hit the market. On Tuesday, it rose to the highest level since 2011.
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