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The Dow Jones ended the session with losses of 350 points. At the day's low, the index was down over 600 points as well. The S&P 500 and Nasdaq retreated from record high levels but outperformed the Dow by not falling as much. Both indices ended with losses of 0.2% each. 
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CNBC TV18•08-10-2026, 05:02
Dow Jones Drops 350 Points Amid Yield Fears But Recovers
  • •Wall Street benchmarks fell on Wednesday as surging bond yields and inflation fears rattled investors.
  • •The Dow Jones dropped 350 points, recovering from an intraday low of over 600 points down.
  • •The US 10-year treasury yield surged to 5.35% before a strong bond auction helped cool rates slightly.
  • •Federal Reserve meeting minutes indicated the possibility of another interest rate hike later this year.
  • •Levi Strauss reported mixed third-quarter results, raising its EPS outlook while lowering its sales forecast.
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Key Questions Answered

The Dow Jones dropped up to 600 points due to surging bond yields and inflation fears, but later recovered to end 350 points lower after a strong $39 billion 10-year Treasury bond auction caused yields to cool off.

The US 10-year treasury yield surged to a high of 5.35%—its highest level since 2002—driven by market fears of higher inflation and potential interest rate hikes.

The US Federal Reserve has two more policy meetings scheduled later this year, with one taking place on October 28 and the other on December 9.

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