Dow falls over 600 points after strong economic data, bearish comments by David Tepper

Dow falls over 600 points after strong economic data, bearish comments by David Tepper

ByCitiGist

U.S. stocks were sharply lower in afternoon trade Thursday, more than erasing their gains from their biggest rally in three weeks after a round of upbeat economic data and a warning from hedge-fund titan David Tepper that he was “leaning short” against both stocks and bonds on expectations the Federal Reserve and other central banks…

Dow falls 500 points as bond yields rebound with concern about Fed tightening back in focus

Dow falls 500 points as bond yields rebound with concern about Fed tightening back in focus

ByCitiGist

U.S. stocks traded sharply lower on Thursday, erasing Wednesday’s gains, as bond yields rose again as the positive impact from the Bank of England’s intervention on debt markets faded. Meanwhile, economic data suggesting the American economy could sustain higher interest rates from the Federal Reserve also weighed on stocks. How stocks are trading The S&P…