Interest Rates Up, Stocks Blow Up!
What a day! It was close to a bloodbath as the selling intensified and stocks were offered all day. Not one break. The Dow Jones Industrial Average traded lower by 368.03 points, or 1.05%, to close at 34,792.76. The S&P 500 dropped 1.48% to 4,393.66, and the Nasdaq Composite slid 2.07% to 13,174.65. The story…