Live Markets-U.S. stocks tank on resumed bond rout, weak Walmart results
SPY•Main U.S. indexes close sharply lower
Wall Street slid on Thursday, erasing Wednesday's gain in a broad selloff that gathered momentum as the closing bell approached.
The Nasdaq .IXIC, the Dow .DJI and the Russell 2000 .RUT each fell more than 1%, with the S&P 500 .SPX off by nearly that much.
Real estate .SPLRCR and energy .SPNY were the only winners among the 11 major S&P sectors. Consumer staples .SPLRCS, healthcare .SPXHC and discretionary .SPLRCD were the clear laggards.
Gold and silver miners .XAU had a good day, rising 2.5%.
Bonds, oil and Fed worries weigh on sentiment
U.S. Treasury Secretary Scott Bessent said a U.S. Treasury buyback could increase even further, the day after he announced plans to double them in an effort to tame spiking yields.
Those spiking yields, arising from the expanding Middle East quagmire and fears over ballooning sovereign debt, have dampened investor risk appetite this week, putting all three major U.S. equity indexes on track for weekly losses.
