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Dow drops nearly 600 points after 10-year Treasury yield hits 3%; April gains gone
- Charting a false breakout, S&P 500 returns to jagged range
- Wall Street's 'fear index' on track for biggest one-day jump in two weeks
- 3M’s stock tumbles into bear market territory after most disappointing results in a decade
- Dow tumbles about 500 points, wipes out April's gains as stock market stages midday selloff
- Here’s the threat to the stock market from rising bond yields
- Despite Dow's ugly 550-point selloff, Arms index implies there's no panic on Wall Street
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Need to Know
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Personal finance
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Kate Middleton’s ‘luxury’ birth cost less than the average U.S. birth
The newest royal was born in a $8,900-a-night maternity wing, but the average American pays more.
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Is the free food offer at Walt Disney World really worth it?
Visitors to the Florida theme park should read the fine print.
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Inside MarketWatch
IBM raises dividend by 4.7%
International Business Machines Corp. said Tuesday it will raise its quarterly dividend by 4.7% to $1.57 a share, marking the 23rd-straight year the technology company has boosted its payout. The new dividend, up from $1.50 a share, will be payable June 9 to shareholders of record on May 10. The stock rose 0.4% in morning trade to $146.38. At current prices, the new annual dividend rate would imply a dividend yield of 4.29%, compared with the SPDR Technology Select Sector ETF current dividend yield of 1.35% and the implied yield for the Dow Jones Industrial Average of 2.17%, according to FactSet. IBM's stock has lost 4.5% year to date, while the tech-sector ETF has gained 3.2% and the Dow has slipped 1.1%.
