US30Dow Jones (DJIA)
49,526.2
-1.07%
SUPPORT:4901648404
RESISTANCE:5003650648
Past
What happened
The Dow dropped 537 points to 49,526, weighed by industrials and tech, as the bond rout took the index off Friday's record close even with MSFT contributing positively (+3%).
Why
Why it matters
Dow holds up better than QQQ in yield-driven selloffs because of its value tilt, but no part of the market is immune when the 10Y breaks 4.50% — every multiple gets compressed.
Watch
What to watch
49,000 is the first technical line; 48,500 is the 50DMA. Bank earnings stragglers and Powell speaking Thursday are the next catalysts. Reclaim 50,000 round and the breakout is intact.
HEADLINES
- Stock market today: Dow, S&P 500, Nasdaq futures dip from record-highs ahead of packed earnings weekYahoo Finance
- Investors eye Nvidia, bond yields, and the next commodity supercycle: What to watch this weekYahoo Finance
- Markets are jittery as the global oil crisis bleeds into a global debt selloff, while Trump weighs new military options on IranFortune