Gold gains again today
It was a tough day on Wall Street. The Dow Jones tumbled more than 800 points, marking one of its steepest drops in recent months. What’s behind the sell-off? A continued rise in bond yields is shaking up the market. As Treasury yields climb, especially on the 10-year note, investors are getting nervous. Higher yields often mean higher borrowing costs, which can put pressure on both consumers and businesses. That’s why we’re seeing tech and growth stocks take a hit—these sectors are more sensitive to interest rate changes. At the same time, the bond market is seeing a major selloff, pushing rates even higher. Many investors are bracing for what the Federal Reserve might do next. With inflation still lingering and rate hike fears in the air, market volatility is back in the spotlight. It’s a reminder that even a small shift in yields can have a big ripple effect across the entire market.
