NEW YORK, June 7 - U.S. stock exchanges plunged for the third straight day Thursday in reaction to a sudden leap in bond yields and escalating oil prices.
The Dow Jones industrial average plummeted 198.94 points, or 1.48 percent, at 13,266.73. The Nasdaq was off 45.80, or 1.77 percent, and the Standard & Poor's 500 Index was down 26.66, or 1.76 percent, at 1,490.7
Volume on the New York Stock Exchange was 1.84 billion shares traded, with 294 stocks gaining and 3,080 declining.
Oil prices came very close to the $67 level, closing up 97 cents at $66.93 a barrel at the New York Mercantile Exchange.
Bonds slumped. The 10-year Treasury note lost 31/32, or $9.6875 for every $1,000 invested, yielding 5.100 percent Thursday.
The dollar was mixed. The euro traded at $1.3429 from $1.3505 late Wednesday, while the dollar was at 120.94 from 121.05 yen.
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Can't let those gas prices fall too low now can we?