Wall Street sinks with Treasury over 1.5%, Nasdaq – 3.5% with Tesla sboom

Black Thursday for Wall Street which closes the strong sales on Treasuries at a minimum. The US 10-year yield jumped up to 1.6% as inflation fears worsened despite Jerome Powell’s reassuring words in recent days.

Leading the falls were technology with new waves of sales on Tesla, which fell 8% to new annual lows. The Nasdaq fell 3.52% at the close, marking its worst day in nearly four months.

Decreases of more than 3% for Apple, Alphabet and Amazon.
The Dow Jones Industrial Average fell 1.76%. The S&P 500 fell 2.43%.