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Nasdaq falls as U.S. yields surge, ending three-day record streak

  • New York stocks closed lower across the board on the 23rd.
  • Nasdaq ended a three-day streak of record highs.
  • Treasury yields surged as a senior Federal Reserve official signaled possible additional rate hikes.

U.S. stocks ended lower across the board on the 23rd, with a sell-off concentrated in technology shares. Treasury yields surged after a senior Federal Reserve (U.S. central bank) official signaled that additional rate hikes remained possible, ending the Nasdaq’s three-day run of record closes.

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Nasdaq falls as U.S. yields surge, ending three-day record streak - CoinPost Terminal