[Breaking] US Treasury Yield Surge Leads to New York Stock Market Close Down... Nasdaq Down 2.18%

[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market closed lower on the 11th (local time) as Treasury yields hit a three-year high and concerns over economic slowdown spread.

On this day, the Dow Jones Industrial Average closed down 1.19% compared to the previous session.

The S&P 500, centered on large-cap stocks, fell 1.68%, and the tech-heavy Nasdaq index dropped 2.18% to close the session.

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