Dow tumbles nearly 300 points as stocks fall for a third straight day and yields pop: Live updates

Large cap tech stocks also pulled back Thursday as bond yields ran higher. Out of the "Magnificent Seven," only Alphabet shares managed to post gains, up 0.9%. Meta and Tesla shares fell 3.1% and 2.8%, respectively. Apple and Microsoft shares also lost more than 1% for the day.Bullish sentiment among individual investors nosedived in, to 35.9% looking out across the next six months, from 44.7% last week and 49.0% two weeks ago.

For contrarian investors, declining optimism and rising pessimism actually signal diminished risk in the stock market.Growing minority opinion that the Fed's going to go once more by yearend Odds of another quarter point hike at the Nov. 1 Federal Open Market Committee meeting are up to 33.3% now from 27.8% a week ago, and 31.1% by the time of the December meeting versus 24.7% last week and just 20.9% one month ago.The chance of a quarter point reduction in the overnight fed funds rate by December was only 16.5% a month ago. Today the odds stand at 8.1%.

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