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And that weighed on stocks. But it wasnt the only thing. The organization for Economic Cooperation and development lowered its Global Growth forecast. So while things may be looking up for the u. S. Economy, especially after last fridays jobs report, it comes at a time of weakening Economic Growth around the world. By the close today the Dow Jones Industrial average dropped 179 points to 17,730. Nasdaq fell 51. And the s p 500 lost 20. As for the bond market, yields rose as prices fell. The tenyear u. S. Note is now up more than a third of a percentage point in yield in less than a month. Bob pisani shows us how the market is responding to this new reality. Reporter stocks experienced their weakest day in over a month. Much of the decline was due to continuing fallout from the strong jobs report and the increasing likelihood that the fed will raise rates in december. Interest ratesensitive groups like reits and emerging markets and Home Builders were all down about 2 . This rate hike t

New yorkUnited statesUnited arab emiratesSan franciscoMacy kohlJanet yellenDavid leibovitzTim wolfeMatt demarcoKate rodgersMary thompsonCourtney reaganAlan johnsonPhil lebeauBob pisaniDominick chu