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Equities fell broadly yesterday as Treasury yields rose to their highest level in 16 years, leaving the S&P 500 Index and the Nasdaq Composite near two-week lows. Earlier Wednesday, the yield on the 10-year Treasury note rose above 4.91%, the benchmark’s highest point since summer 2007. The Dow Jones closed more than 330 points lower and the S&P 500 lost 1.3%. The Nasdaq shed 1.6% led by significant losses from Nvidia, Tesla, and Amazon.com. Meantime, European shares also closed sharply lower yesterday with both the Dax 40 and the Euro Stoxx 50 losing more than 1%.
Summary for 19.10.2023
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