Nasdaq leads stock slide, 10-year Treasury yield nears 4%

  • Nasdaq leads stock slide, 10-year Treasury yield nears 4%

    U.S. stocks fell across the board after the International Monetary Fund warned the 'worst is yet to come' for the global economy adding to a chorus of recession warnings over the past 24-hours. As equities retreated, led by energy and tech, the 10-year Treasury yield hit 3.939%. In commodities, oil fell back below $90 per barrel level.

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