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Markets Now: Fed Hike Sends 10-Year Yield to 3%, Dow Down 31 Points

barrons.com
Markets Now: Fed Hike Sends 10-Year Yield to 3%, Dow Down 31 Points

Want to know why the Dow Jones Industrial Average is doing what it's doing? Check back here for a semi-live look at the volatile markets from Barron's reporters. 2:39 p.m. It's not the stock market we should be watching. While equity indexes continue to drop--the Dow Jones Industrial Average has fallen 31.15 points, or 0.1%, to 25,289.58, while the S&P 500 has declined 0.2% to 2782.18, and the Nasdaq Composite is little changed at 7702.79--Treasuries are selling off too, as the yield on the 10-year has increased by 0.048 percentage point to 3%. (Bond prices and yields move in opposite directions.) "If they haven’t already, investors are wise to hop on the higher rate train—it doesn’t appear to