Dow Drops 700 Points as Treasury Yields Surge and Relief Plan Falls Flat

U.S. stocks took a sharp hit on Thursday, with the Dow Jones Industrial Average plunging 700 points. The sell-off came as Treasury yields climbed once again, putting pressure on equities. Investors were also disappointed by the Treasury Department’s latest relief plan, which failed to calm market concerns. The combination of rising borrowing costs and a lackluster government response fueled a broad retreat from riskier assets. The drop marks one of the worst sessions for the blue-chip index in recent weeks. Analysts say the market remains sensitive to any signs that inflation and interest rates will stay higher for longer. All eyes now turn to Friday’s trading session, where investors will watch for any shifts in bond yields or fresh policy signals from Washington.