Stocks drop on cost worry; US 10-year yields top 3 percent

NEW YORK, NY - AUGUST 27: The New York Stock Exchange stands on Wall Street on August 27, 2013 in New York City. The Dow Jones Industrial Average fell 170 points on fears of a possible U.S. attack on Syria. (Photo by John Moore/Getty Images)

A gauge of world stocks tumbled on Tuesday, erasing early gains as US bond yields scaled the 3 percent threshold for the first time in four years, while oil prices reversed course after climbing above the USD 75 per barrel mark.

The Dow Jones Industrial Average fell 424.56 points, or 1.74 percent, to 24,024.13, the S&P 500 lost 35.73 points, or 1.34 percent, to 2,634.56 and the Nasdaq Composite dropped 121.25 points, or 1.7 percent, to 7,007.35.

For Real Time News & Trading Trends Keep Liking Epic Research Private Limited

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+

Share Button

About the Author

Epic Research
Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300