Options traders Chris Dattolo, Scott Frinzi, and Ravi Bhandari, left to right, work on the floor of the New York Stock Exchange, Monday, Aug. 17, 2026, in New York. (AP Photo/Yuki Iwamura)
\n\nOptions trader Anthony Spina works on the floor of the New York Stock Exchange, Monday, Aug. 17, 2026, in New York. (AP Photo/Yuki Iwamura)
\n\nA person walks in front of an electronic stock board showing Japan’s Nikkei index at a securities firm Thursday, Aug. 20, 2026, in Tokyo. (AP Photo/Eugene Hoshiko)
\n\nNEW YORK (AP) — The relief that swept the bond market just a day earlier disappeared on Thursday as oil prices, worries about high inflation and the U.S. government’s debt kept rising. That helped knock the U.S. stock market to its worst day in three weeks, and Walmart led the way on concerns about its upcoming profits.
\n\nThe S&P 500 fell 0.9% for its fourth loss in the five days since setting its all-time high last week. The Dow Jones Industrial Average dropped 703 points, or 1.3%, and the Nasdaq composite sank 1%.
\n\nThe bond market remains the center of the action after yields charged higher through the summer. Treasury Secretary Scott Bessent made a surprise move…
Original source: https://apnews.com/business
