S&P 500, Nasdaq fall as yields spike

S&P 500, Nasdaq fall as yields spike

The Edge Markets - World·2021-03-13 05:01

NEW YORK (March 12): The S&P 500 slipped on Friday after hitting an all-time high in the prior session, as a spike in US bond yields revived inflation worries and dented appetite for high-growth stocks.

The tech-heavy Nasdaq tumbled 1.3% after rebounding more than 6% over the past three sessions, while the blue-chip Dow, on the other hand, hit its fifth consecutive record high.

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