[Breaking] New York Stock Market Falls on Rising Treasury Yields... Nasdaq Down 1.82%

The three major indices of the U.S. New York Stock Exchange all closed lower on the 21st (local time) as Treasury yields soared following the Federal Reserve's (Fed) announcement of additional interest rate hikes.

On that day, the Dow Jones Industrial Average closed down 1.07% compared to the previous session. The S&P 500, centered on large-cap stocks, fell 1.64%, and the tech-focused Nasdaq index dropped 1.82% to close the session.

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