The Dow Jones Industrial Average dropped 1,164 points or 3.6% and the tech-heavy Nasdaq pulled back 4.7%. Treasury yields fell as investors sought safer ground.
Retailers had some of the biggest losses. Dollar Tree fell 15.4% and Dollar General slumped 11.8%. Best Buy fell 11.6% and Amazon fell 7%. Bond yields fell as investors shifted money into lower-risk investments. The yield on the 10-year Treasury fell to 2.89% from 2.97% late Tuesday.
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