Dow logs worst day in a month. Here are the reasons driving the rout.

The Tell

The yield on the 30-year Treasury bond hovers at its highest level since Oct. 25, 2023

Published: May 21, 2025 at 4:37 p.m. ET

The blue-chip Dow cemented its worst day in a month on Wednesday after rising bond yields rattled investors in stocks. Photo: timothy a. clary/Agence France-Presse/Getty Images

The stock market’s selloff picked up steam on Wednesday, sending the Dow Jones Industrial Average to its steepest daily decline in a month.

The blue-chip index DJIA tumbled over 800 points, or 1.9%, to end at 41,860.44, while the S&P 500 SPX close 1.6% lower, and the Nasdaq Composite COMP slumped 1.4%, according to FactSet data.