Dow sinks by more than 400 points as spiking yields weigh on stocks

View in Browser October 3, 2023 Dow 33,002.38 1.29% S&P 500 4,229.45 1.37% NASDAQ 13,059.47 1.87% Last updated October 3 at 4:59 PM ET     Dow sinks by more than 400 points as spiking yields weigh on stocks Stocks fell sharply Tuesday afternoon, as US Treasury yields surged to their highest levels in over a decade, worrying investors that higher borrowing rates could further stall the housing market.    Read full article   Birkenstock could be worth $10 billion There's big money in trendy sandals.    Read full article   ESG has lost its meaning. One advocate says let's throw it in the trash Not so long ago, Wall Street had a particular obsession with ESG investing, which favors companies that promise to make certain strides on the environment, societal impact and corporate governance. Nearly every CEO of a major company touted their firm's progress toward creating a more sustainable future.    Read full article   Sam Bankman-Fried's trial has started. Here's what you need to know The trial of Sam Bankman-Fried, a onetime crypto billionaire who stands accused of orchestrating a multibillion-dollar fraud, kicked off Tuesday in federal court in Manhattan.    Read full article   Hong Kong stocks have worst day in three months on worries about rates and real estate Stocks in Hong Kong suffered their worst day in three months on Tuesday on growing concern about China's weak housing market and persistently high US interest rates.    Read full article   Stock market minnows are grabbing most of the world's IPOs When UK-based chip designer Arm went public earlier this month, raising $65 billion on the Nasdaq in a matter of hours, hopes swirled among investors that the global market for initial public offerings might be coming back to life after an 18-month slump.    Read full article   Today's movers VERY 11.07 94.21% Vericity, Inc. PNT 12.36 84.89% POINT Biopharma Global Inc. ALXO 7.51 56.13% ALX Oncology Holdings, Inc. FEMY 2.49 35.99% Femasys, Inc. FNGR 4.58 34.57% FingerMotion Inc TSBX 2.31 30.73% Turnstone Biologics Corp. Last updated October 3 at 4:00 PM ET Have feedback? We'd love to hear from you. Send your questions and feedback to marketsnow@cnn.com MARKETS NOW You are receiving this email because you signed up for updates from Markets Now.   No longer want to receive these updates? Unsubscribe. Interested in more? See all of our newsletters.   Create CNN Account | Listen to CNN Audio | Download the CNN App    ® © 2023 Cable News Network, Inc. A Warner Bros. Discovery Company. All Rights Reserved. One CNN Center Atlanta, GA 30303