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S&P tumbles 3% as US yields soar, investors shun risk; Dow falls 831 points

Business Standard India
S&P tumbles 3% as US yields soar, investors shun risk; Dow falls 831 points

  US stocks tumbled on Wednesday, with the S&P 500 and the Dow marking their biggest daily declines since Feb. 8, and technology stocks were at the centre of the carnage as rising US Treasury yields sent investors fleeing from risky assets. US long-dated Treasury yields rose again in extension of a trend