Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., Aug 15, 2023. REUTERS/Brendan McDermid NEW YORK  – Wall Street tanked in a broad sell-off on Thursday, as investor risk appetite was dashed by worries that the Federal Reserve's restrictive monetary policy will remain in place for longer than anticipated. All three major U.S. stock indexes tumbled more than 1 percent and benchmark 10-year U.S. Treasury yields touched a 16-year peak the day after Fed Chairman Jerome Powell warned inflation still has a long way to go before approaching the central bank's 2 percent target.

https://business.inquirer.net/422410/us-stocks-close-at-lowest-since-june-treasury-yields-spike

#inquirer