U.S. stocks and government bond yields slid Friday, reversing course after a rally that lifted the Dow Jones Industrial Average to its biggest one-day gain of the year. Stocks were little changed at the start of the trading session, then sold off sharply before midday, sending the Dow industrials down more than 300 points at one point. Bond yields fall as prices rise. The day’s moves interrupted a rally that had brought major U.S. stock indexes to fresh highs this week. Senate Republicans have also drawn closer to holding a vote on a tax bill that many analysts say could help boost corporate profits, sending government bond yields and shares of financial stocks higher through Thursday.

Source: Wall Street Journal December 01, 2017 02:25 UTC