Employees . A live report with the latest. Im melissa lee at the nasdaq. We start off tonight with the dows big breakdown. The index dropping nearly 390 points today, closing below its 200day moving average for the First Time Since late may. The s p and nasdaq seeing bigger losses on a percentage basis amazon dropping more than 4 , apple down over 2 the moves come lower as treasury yields continue to trek higher the tenyear touching a fresh 16year high, 4. 6 during the session. And then theres this warning from the nations top banker right now, it feels good that fiscal stimulation was extraordinary. That was a global phenomenal more in the United States than elsewhere. But thats a little bit of a sugar high and thats a little bit going to go away. All the other things im putting myself in the quite cautious category. Jamie dimon also saying the fed could still raise its target rate sharply from here so, as we look to close out the third quarter, are we in for more trouble ahead guy .
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