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Stocks Slump as Treasury Yields Surge Past 5% with No Ceiling in Sight
요약
A surge in bond yields stalled the stock market's momentum on Friday, as investors braced for the possibility that the selloff in bonds may not be over yet. The S&P 500 was down 0.9%, while the Nasdaq Composite was 1% lower. Losses have accelerated over the past few hours as bond yields have shown no signs of calming down.