Finally paying attention to surging interest rates, stocks are suffering their worst day in ages, led by the Dow's 2.3% decline.
The 10-year Treasury yield is up 5.4 basis points to 2.846% on back of a strong employment report and two normally dovish Fed members uttering some hawkish comments.
Gold (NYSEARCA:GLD) isn't being spared - it's lower by 1.2% to $1,331 per ounce.
Now read: Will The Uptrend In GLD Continue? »