New York (CNN Business) Wall Street stumbled on Thursday, with energy and tech stocks selling off, and the 10-year Treasury bond yield climbing to a new 13-month high. Just a day after remarks from Federal Reserve Chairman Jerome Powell appeased the market , all bets are off again. Thefinished down 0.5%, or 153 points, just one day after closing above the 33,000 point mark for the first time in history. Elsewhere, oil prices tumbled on worries that the global economic recovery could be held back by virus flare-ups and slow vaccine rollouts in Europe. The global oil benchmark Brent crude was down more than 8% at $62.31 per barrel in the afternoon, while US oil fell nearly 8% to $59.48 a barrel.

Source: CNN March 18, 2021 13:41 UTC