US stocks opened sharply lower Wednesday as the 10-year Treasury yield climbed to 5.36%. The Dow fell over 450 points. Fed minutes from the September meeting are due at 2 p.m. ET, with markets pricing 22% odds of a rate hike at the next meeting.
Market odds of rate hike next meeting: 22% (down from 50% a week ago)
Dow Slides 450 Points as Yields Jump; Fed Minutes Due.
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