Stock market today: Dow revives as Nasdaq, S&P 500 slide amid rate-cut fears
The 10-year Treasury yield ( ^TNX) added to recent gains to touch a 14-month high, trading not far off 4.8% as US bonds sold off. Meanwhile, the dollar ( DX-Y.NYB) surged to a two-year high against major currency peers, with the UK pound ( GBPUSD=X ), in particular, coming under pressure.