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The Piney Point

Pressure from the bond market hits a new level on Wall Street, and stocks slide on inflation worries

Pressure from the bond market hits a new level on Wall Street, and stocks slide on inflation worries
Photo: KPRC 2 / Click2Houston (NBC) · view original

Pressure from the U.S. bond market hit a new level on Wall Street after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide. The squeeze caused U.S. stocks to sink Wednesday, and the S&P 500 slid 0.8%. The Dow Jones Industrial Average dr...

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