Stocks slide as 10-year Treasury yield jumps, Amazon pops 10%

  • Stocks slide as 10-year Treasury yield jumps, Amazon pops 10%

    U.S. stocks fell and bond yields spiked after a surprisingly strong jobs report suggests the Federal Reserve may be more aggressive with future rate hikes. The yield on the 10-year Treasury rose as high as 1.9% before pulling back. Amazon shares jumped following strong quarterly results. In commodities, oil hit $92 per barrel.

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