Stock Market Today: Stocks Sink as Treasury Yields Hit New Highs

Yields on the 2-year and 10-year government bonds hit their highest levels in nearly two decades, resulting in outsized losses for rate-sensitive tech stocks.

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(Image credit: Getty Images)

Stocks spiraled Wednesday as the latest batch of corporate earnings reports and hawkish Fed speak spooked investors. 

Rising Treasury yields did little to lift sentiment ahead of tonight's highly anticipated quarterly results from two mega-cap companies and tomorrow's speech from Fed Chair Jerome Powell.   

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.