Rising bond yields and oil prices pushed the Dow Jones down nearly 900 points at one point.

March 28, 2026

Rising bond yields and oil prices cause a rebound; Dow Jones once dropped nearly 900

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U.S. President Trump announced that the deadline for striking Iranian power plants and energy infrastructure has been extended by 10 days to April 6. However, an Iranian nuclear facility with a heavy water reactor and a uranium processing plant producing “yellowcake” were still attacked. Iran’s two largest steel mills were also targeted, increasing market unease. Coupled with rising yields on U.S. long-term bonds, the Dow Jones dropped nearly 900 points on Friday, with all three major indices closing near their daily lows.

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