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Stocks Close Lower on Economic Worries


Dow Sheds About 260 Points And Treasury Yields Extend Their Decline

By Joe Wallace and Caitlin McCabe

Wall Street Journal

U.S. stocks tumbled Thursday, while Treasury yields sank for a fourth day, as investors unwound bets on a spell of high growth and inflation.

All three major U.S. stock indexes suffered their worst daily performance in nearly three weeks as investors across the globe retreated from risky assets. The broad-based selloff across U.S. equities marked a sharp reversal from last week, when indexes drifted higher, notching repeated records.

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