New York Stock Market Falls Amid Fed's Additional Rate Hike Concerns and Soaring Treasury Yields

New York Stock Market Falls Amid Fed's Additional Rate Hike Concerns and Soaring Treasury Yields

On the 23rd (local time), the three major indices of the US New York stock market closed lower due to concerns about the Federal Reserve's (Fed) additional interest rate hikes and a surge in Treasury yields.

On this day, the Dow Jones Industrial Average 30 closed down 352.10 points (0.68%) from the previous trading day, at 51,511.59.

The Standard & Poor's (S&P) 500 index fell 58.61 points (0.75%) from the previous trading day to 7,706.03, and the technology-heavy Nasdaq Composite index finished trading down 308.24 points (1.13%) to 26,936.04.