Why Historic Yields Aren't Hitting Stocks Even Harder

Stocks were in the red on Thursday, but the losses weren't that severe considering the scale of the bond market weakness. The S&P 500 was down 0.2% to 7693.66, just 1.4% from its record high closing price, according to Dow Jones Market Data. The Nasdaq Composite dropped 0.5%, trading only 1.6% from its respective high.