Dow Selloff Hits 703 Points as Yields and Oil Prices Rise

The Dow Jones Industrial Average closed at 52,759.21 on August 20, 2026, marking a decline of 703.84 points or 1.32%. The drop was driven by a jump in Treasury yields and firmer oil prices, which put pressure on industrial and cyclical shares.

The Dow Inc. stock is particularly sensitive to these market developments due to its ties to chemicals, materials, and industrial demand. As borrowing costs rise, the company's valuation comes under scrutiny.

The 10-year Treasury yield moved to 4.706%, while the 30-year yield rose to 5.247%. This increase in yields weighed on equity valuations, leading to a broad selloff across large-cap names.