Global markets slide amid economic uncertainty as bond yields rise

March 27, 2025

Stock Market Today: Dow's Pains Continue as Tech and Energy Shares Slump

The Dow Jones Industrial Average continued its downward spiral, plummeting over 400 points as technology and energy shares led the decline. The S&P 500 and Nasdaq Composite also suffered significant losses, with the latter falling over 2%.

The market's woes were fueled by a surge in bond yields, which sparked concerns about the impact on corporate profits and the overall economy. The yield on the 10-year Treasury note jumped to its highest level since 2018, sparking a selloff in tech and energy shares.

Tech giants like Apple Inc. and Microsoft Corp. led the decline, with Apple falling 4.5% and Microsoft dropping 3.5%. Energy companies such as Exxon Mobil Corp. and Chevron Corp. also took a hit, with Exxon falling 5.5% and Chevron declining 4.5%.

The market's decline was exacerbated by a wave of selling in the final hour of trading, with many investors scrambling to exit their positions ahead of the weekend. The Dow's decline was its worst since March 2020, when the pandemic was first spreading globally.

Despite the market's turmoil, some investors saw opportunities in the decline. "This is a buying opportunity," said Mark Arnold, a portfolio manager at Arnold Capital Management. "The market is overreacting to the rise in yields, and we're seeing some really good companies at really cheap prices."

The market's decline was a stark contrast to the previous day's rally, which saw the Dow surge over 500 points. The market's volatility has been a hallmark of 2025, with the Dow experiencing its biggest one-day swings in over a decade.

The market's performance will be closely watched in the coming days, with investors looking for signs of a turnaround. For now, however, the market's woes continue to dominate the headlines.