(New York, NY) — Stock dropped Wednesday as securities tied to an economic recovery provided some cushion for sagging tech stocks. The 10-year Treasury yields rose again Wednesday, aiding in the decline. Stocks tied to an economic recovery though continue to keep solid footing after President Biden’s announcement Tuesday that the country will have enough vaccines for every American adult by the end. To close Wednesday, the Dow Jones Industrial Average fell 121 points to 31-271. The S&P 500 finished down 51 to 38-20, and the Nasdaq lost 361 to 12-998.
Boeing was the biggest winner on the day for the Dow. The airplane maker’s stocks rose two-and-a-half percent today and has been climbing since United added to its order for 737 Max planes. American Express was a close second at two-point-four percent. Salesforce dropped nearly three-point-five percent on the day, followed by Microsoft and Apple.
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