U.S. Stocks Plunge as Bond Yields Surge – Markets Rattled by Trump’s Tax Cut Proposal
U.S. stocks closed sharply lower as Treasury yields spiked, driven by fears that President Donald Trump’s proposed tax cut bill could add $3 to $5 trillion to the national debt. All major Wall Street indexes posted their biggest daily losses in a month, while the 10-year Treasury yield hit its highest level since mid-February, signaling growing investor anxiety.
