Rising prices reflect growing economic activity after last year's global shutdown to fight the coronavirus pandemic. But investors worry inflation might disrupt the recovery or prompt central banks to withdraw stimulus and near-zero interest rates.
On Wednesday, the S&P 500 lost 2.1% while the Dow shed 2% in its biggest decline since January. The Nasdaq gave up 2.7% in its largest pullback since March.
The Kospi in
On Wednesday, Apple, Microsoft and Amazon all fell more than 2%.
Bond yields, or the difference between market price and the payout at maturity, snapped higher as prices fell. Bond prices fall if investors worry the value of that payout will be eroded by higher inflation.
The yield on the 10-year
In energy markets, benchmark
The dollar gained to