US stocks sink on Fed jitters, Nasdaq drops 293 points, Dow Jones 113
NEW YORK, New York - U.S. stock markets ignored gains in Asia and Europe and fell across the board Thursday.
Spooked by a sudden rise in U.S. Treasury yields after two days of declines, and global moves to hike official interest rates, investors sold U.S. stocks off. The U.S. dollar made sharp gains, reversing earlier losses in Asia and Europe.
Central banks in Canada, South Korea, and New Zealand have all