Understanding Weak Signals from Global Markets: Dow Drops 370 Points

Weak signals from Global Markets, keep an eye on Bank of Japan
American markets fall for the third day
Dow fell 370 points and closed at the day's low, Nasdaq fell 1.8%
Impact of rising bond yield beating all sector indices.
10 year yield crosses 4.5%; At a new high of 16 years
2 year yield crosses 5.2%
Beating of giant IT stocks
Amazon 4.4%, Alphabet 2.5%, Meta 1.3%
Heavy pressure on Semi-Conductor manufacturing stocks too
FedEx is up 4% after the results
Decline up to 1.5% in Europe
BoE kept interest rates stable