Stocks drop as raised yields weigh
By Chuck Mikolajczak NEW YORK CITY (Reuters) -Global stocks dropped for a 3rd straight session on Monday as the current bout of raised U.S. Treasury yields triggered profit-taking at the end of a strong year for equities. On Wall Street, all 3 significant U.S. indexes closed with sharp losses in a broad selloff, with each of the 11 significant sectors closing in unfavorable area led by decreases in customer discretionary stocks. The standard's current push above the 4.5% mark after the Federal Reserve on Dec. 18 indicated it would take a slower rate of interest cut course has actually sustained issues about raised stock exchange assessments. "The bond market has actually rather taken its hint from what's occurring in the equities market," stated Jim Barnes, director of set earnings at Bryn...