Tech stocks are recovering a bit but it was another bad day for the Dow Jones Industrial Average. The leading index of 30 large American companies dropped more than 400 points today.
But while it was struggling, the tech-heavy Nasdaq was recovering from its worst sell off since October. It was up around 200 points at one point, which is about one-and-a-half percent.
The 10-year Treasury yield dropped about six basis points today to help calm things down. It’s surge to one-point-six percent yesterday led to a big sell off and worries about inflation.
At the closing bell, the Dow was down 469 points to 30-932. The S&P 500 fell 18 points to 38-11. And the Nasdaq gained 73 points to 13-192.