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US close: Stocks tank as Treasury yields hit one-year high

By Benjamin Chiou

Date: Friday 15 May 2026

(Sharecast News) - Wall Street's three benchmark equity indices dropped more than 1% each on Friday, pulling back sharply after the S&P 500 and Nasdaq hit record highs the previous session, as a surge in bond yields to a one-year high hammered investors' appetite for risk.
The yield on a 10-year...

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