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At close: 10:43AM EDT

Zacks
Stock Market News for May 31, 2024
U.S. stock Markets closed sharply lower for second consecutive day following disappointing earnings results and guidance of a technology giant.
Zacks
Stock Market News for May 30, 2024
U.S. stock markets closed sharply lower on Wednesday following spikes on yields of U.S. government bonds.
Benzinga
Volatility Spooks Investors As Treasury Yields, Dollar Climb Ahead Of Key Economic Releases: What's Driving Markets Wednesday?
Volatility surged back into the market on Wednesday, with the CBOE Volatility Index (VIX) spiking 9% after hitting nearly three-year lows last week, fueled by fresh upticks in Treasury bond yields. The yield on the 30-year Treasury note, a crucial benchmark for mortgage rates nationwide, soared to 4.74%, rising more than 15 basis points over two sessions and nearing its highest close since May 2. As yields climbed, bond prices dropped, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) fal