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Dow Drops Over 500 Points Friday as Tech Slump and Yield Spike Weigh on Markets

Stocks declined on Friday, pressured by losses in technology stocks and a rise in U.S. Treasury yields, following a summit between President Donald Trump and Chinese President Xi Jinping that concluded without major policy breakthroughs, sparking investor concerns.

The S&P 500 decreased by 1.24%, closing at 7,408.50.

The Nasdaq Composite fell 1.54% to 26,225.14.

The Dow Jones Industrial Average dropped 537.29 points, or 1.07%, ending the day at 49,526.17.

Source (CNBC)

SourceCNBC
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