U.S. stocks fall sharply on concerns about rates, oil

4:30 pm ET Jun 7, 2007

DJIA

13,266

-198.94

S&P

1,490

-26.66

NASDAQ

2,541

-45.80

10Yr

5.10%

+0.129

U.S. stocks fall sharply on concerns about rates, oil

NEW YORK
U.S. stocks fell sharply on Thursday, sending the Dow Jones Industrial
Average down by nearly 200 points, as the yield of a key benchmark bond
surged above 5%, further challenging the attractiveness of stocks.

John Dvorak's Second Opinion: Time to short Apple?

BERKELEY, Calif.
If you follow the rules and sell on good news and buy on the bad, now
would be time to short Apple Inc. There is no company out there with
this much good news.

Benchmark Treasury yield seen running higher

NEW YORK
The forces behind Thursday's global bonds rout are likely to drive
Treasury prices still lower and yields higher, with some analysts
expecting the 10-year benchmark yield to overtake the 5.25% level of the
feds fund rate soon.