[Breaking] New York Stock Market Falls on Hawkish Powell and Rising Treasury Yields... Nasdaq Down 0.96%

The three major indices of the U.S. New York stock market all closed lower on the 19th (local time) due to Federal Reserve Chairman Jerome Powell's hawkish remarks and the rise in long-term Treasury yields.

On this day in the New York stock market, the Dow Jones Industrial Average fell 0.75% from the previous close. The large-cap-focused S&P 500 index dropped 0.85%, and the tech-heavy Nasdaq index declined 0.96%.

In the New York bond market, the benchmark 10-year U.S. Treasury yield hovered around 4.97%, approaching the 5% level.

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