(Bloomberg) -- The two-week surge in bond yields,
prompted by unexpected signs of growth in the economy, unraveled
the stock market and sent the Dow Jones Industrial Average to
its longest losing streak since February.
Exelon Corp., the largest operator of U.S. nuclear plants,
and Edison International, owner of California's second-biggest
utility, led declines on concern higher bond yields make their
dividends less attractive. Network Appliance Inc. triggered the
worst drop in technology shares since March 13 after the maker
of data-storage computers said profit may trail estimates.
Read more at Bloomberg Stocks News
prompted by unexpected signs of growth in the economy, unraveled
the stock market and sent the Dow Jones Industrial Average to
its longest losing streak since February.
Exelon Corp., the largest operator of U.S. nuclear plants,
and Edison International, owner of California's second-biggest
utility, led declines on concern higher bond yields make their
dividends less attractive. Network Appliance Inc. triggered the
worst drop in technology shares since March 13 after the maker
of data-storage computers said profit may trail estimates.
Read more at Bloomberg Stocks News
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