Dow Jones closes 350 points lower after intraday recovery
The Dow Jones finished Wednesday’s session down 350 points, after falling to intraday lows as bond yields rose and inflation fears increased, then recovering as yields retreated later in the session.
Benchmark indices on Wall Street finished lower in mid-week trading on Wednesday, October 7, as bond yields climbed alongside concerns about higher inflation. A later pullback in yields during the second half of the session helped the market recover from the intraday lows.