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,
falling 373.07 points, or 1.1%, to 34,099.94, according to preliminary closing data from FactSet. The S&P 500
SPX,
shed 59.75 points, or 1.4%, to 4,376.28. The Nasdaq Composite
COMP,
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,
Wednesday night. But early gains faded as major technology names headed lower throughout the session.