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Jan. 18, 2022, 9:43 a.m. EST

Dow trades over 500 points lower as yields extend pop, with 2-year above 1%

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By Mark Decambre

U.S. stock indexes opened sharply lower Tuesday after a three-day break, in observance of Martin Luther King Jr., with the high-growth technology sector trading sharply lower at the the start of a busy week of corporate earnings report. Meanwhile, a blockbuster tech deal was also in the spotlight, after Microsoft Corp. /zigman2/quotes/207732364/composite MSFT +0.92% said it had reached an agreement to acquire Activision Blizzard Inc. /zigman2/quotes/200717283/composite ATVI +0.08% in an all-cash deal valued at $68.7 billion. The Dow was down 529 points, or 1.5%, at 35,393, the S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.10% was off 1.3% at 4,600, while the Nasdaq Composite Index was off 1.7% at 14,651. The moves for stocks come as the 10-year Treasury note yields above 1.8% and the 2-year Treasury note breaches 1%.

/zigman2/quotes/207732364/composite
US : U.S.: Nasdaq
$ 263.51
+2.39 +0.92%
Volume: 15.68M
May 16, 2022 1:47p
P/E Ratio
27.40
Dividend Yield
0.94%
Market Cap
$1952.93 billion
Rev. per Employee
$1.06M
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/zigman2/quotes/200717283/composite
US : U.S.: Nasdaq
$ 77.81
+0.06 +0.08%
Volume: 1.62M
May 16, 2022 1:47p
P/E Ratio
24.64
Dividend Yield
0.60%
Market Cap
$60.78 billion
Rev. per Employee
$846,633
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/zigman2/quotes/210599714/realtime
US : S&P US
4,027.88
+3.99 +0.10%
Volume: 1.23B
May 16, 2022 1:47p
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