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US close: Stocks sink as soft bond auction pushes yields higher

By Benjamin Chiou

Date: Wednesday 21 May 2025

(Sharecast News) - A lacklustre bond auction and surging yields saw US stock markets slide on Wednesday, falling at their steepest levels in a month.
The Dow dropped 1.9%, while the S&P 500 fell 1.6% and the Nasdaq slumped 1.4%.

The US Treasury saw softer-than-expected demand in a $16bn auction...

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