Treasury Yields Soar, Sparking Stock Sell-Off: American Airlines Slashes Earnings Forecast, Shares Plummet
New York – US stocks faced a downward trend on Wednesday as a rise in Treasury yields raised concerns among investors, who were already evaluating whether recent data might impact interest rates. The S&P 500 index dropped by 0.7%, while the Dow Jones Industrial Average fell nearly 0.9%, shedding close to 350 points. Additionally, the Nasdaq Composite also experienced a decline of over 0.7%. Investor confidence was negatively impacted by the surge in US bond …