Dow plunges 600 points on rate angst; other indices dive, too

The Dow Jones Industrial Average tumbled 600 points in the biggest plunge since Donald Trump’s election, as a rout in the bond market spilled into equities.
Strong jobs data that increased the likelihood the Federal Reserve will lift rates next month sent bond bulls scurrying and rattled equity investors who haven’t seen a week this bad in two years. The selling accelerated after Dallas Fed President Robert Kaplan suggested more than three hikes may be necessary this year. The 10-yea