Dow plunges 346 points as Fed Chairman Jerome Powell preaches ‘patience’ on inflation spike | Markets Insider

Powell refrained from outlining specific steps to rein in what he described as “disorderly” markets. The 10-year Treasury yield spiked back above 1.5% following his statements, spurring a sharp sell-off in the market’s most highly valued sectors, like tech.

Dow plunges 346 points as Fed Chairman Jerome Powell preaches ‘patience’ on inflation spike | Markets Insider