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Wall Street stumbles as bond yield climb continues

Updated : October 05, 2018 06:25 AM IST

The Dow suffered its first decline in six sessions, while both the S&P and Nasdaq had their worst day since June 25.
The yield on the benchmark 10-year Treasury note climbed to a seven-year high of 3.232 percent, marking its largest daily jump since the 2016 US presidential election.
Apple Inc lost 1.76 percent, and Amazon.com Inc, shed 2.22 percent. Both companies denied a Bloomberg report their systems had been infiltrated by malicious computer chips inserted by Chinese intelligence.
Wall Street stumbles as bond yield climb continues

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