Stock market plunges to worst day in 3 weeks | Arkansas Democrat Gazette

The stock market slid to its worst day in three weeks on Thursday as the temporary relief that had hit bonds the day before faded. Oil prices rose, worries about high inflation returned and the U.S. government’s debt kept climbing, pressuring equities. The S&P 500 fell 0.9% for its fourth loss in five days after its all-time high the prior week; the Dow dropped 703 points (1.3%) and the Nasdaq lost 1%. Walmart fell 9.2%, the biggest weight on the S&P 500, despite stronger profit and revenue, as investors pointed to slower underlying revenue growth. Treasury Secretary Scott Bessent said purchases of longer-term Treasurys from Sept. 9 to Nov. 4 would be at least doubled, aiming to calm yields.