Stocks Slump as S&P 500, Nasdaq Take Week on the Chin

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The stock market’s slide continued on Friday, as the S&P 500 and Nasdaq Composite wrapped up their worst weeks since early September.

The Dow Jones Industrial Average fell 306 points, or 0.7%. The S&P 500 slid 1.3%. The Nasdaq Composite dropped 2.2%.

Stocks struggled this week in the face of rising bond yields. The yield on the 2-year Treasury note was up to 4.298% this week. It’s risen in seven-straight weeks, according to Dow Jones Market Data. The 10-year yield rose to 4.426%, its eighth weekly rise in the past nine weeks.

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