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The Economic Times
The Economic Times
National
Piyush Shukla

Why are the Dow Jones, S&P 500 and Nasdaq falling today? The reasons behind the selloff from tech stocks to gold, silver and Bitcoin

US Stock Market Today: Wall Street started Monday on weaker footing after a strong week for U.S. stocks. The Dow Jones Industrial Average fell 0.73% to 51,448.89, while the S&P 500 dropped 0.94% to 7,670.67. The Nasdaq Composite was down 1.22% at 26,737.84.

The move came as two markets moved sharply in the opposite direction: oil and Treasury bonds. WTI crude climbed 2.40% to $94.63 a barrel, while Brent crude rose 2.65% to $107.08. At the same time, the 10-year Treasury yield reached 5.27%, up 11 basis points.

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