Stocks Slide for Second Day; Treasury Yields Rise: Markets Wrap
- Dow Jones Industrial falls 1.4%, biggest drop since Feb. 26
- Oil gains as fuel shortages expand across several states
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Energy, financial and industrials shares led U.S. stocks lower as the pullback centered in the technology sector widened while investors remained on edge over the threat of inflation.
The tech-heavy Nasdaq 100 erased a loss of almost 2% to finish little changed as some dip buyers emerged. The benchmark S&P 500 dropped for a second day after setting a record high on Friday. Treasury yields edged up and the dollar traded near the lowest levels of this year.