U.S. stocks logged their biggest drop in three weeks on Thursday with losses accelerating into the close as rising Treasury yields and a stronger U.S. dollar weighed on markets. All three major U.S. equity indexes logged their biggest declines since Aug. 2, with the Dow Jones Industrial Average DJIA, +0.73% falling 373.07 points, or 1.1%, to 34,099.94, according to preliminary closing data from FactSet. The S&P 500 SPX, +0.67% shed 59.75 points, or 1.4%, to 4,376.28. The Nasdaq Composite COMP, +0.94% finished lower by 257.06 points, or 1.9%, to 13,463.97. Stocks opened higher following the latest blockbuster earnings report from chipmaker and artificial-intelligence darling Nvidia Corp. NVDA, -2.43% Wednesday night. But early gains faded as major technology names headed lower throughout the session.
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