Interest Rate Rise Unsettles Stock Investors; Dow Falls More Than 400 Points
For the first time in four years, the rate on the 10-year U.S. Treasury note crossed 3 percent. While it signals a stronger economy, it makes bonds more attractive investments, undermining stocks.
Interest rates reached a milestone Tuesday and the stock market frowned.
Tuesday morning, for the first time in four years, the rate on the 10-year U.S. government note topped 3 percent before falling back a bit. The bond market move
