Dow sheds 300 points as stocks see biggest drop in 3 weeks

U.S. stocks logged their biggest drop in three weeks on Thursday with losses accelerating into the close as rising Treasury yields and a stronger U.S. dollar weighed on markets. All three major U.S. equity indexes logged their biggest declines since Aug. 2, with the Dow Jones Industrial Average
DJIA,
-1.08%
falling 373.07 points, or 1.1%, to 34,099.94, according to preliminary closing data from FactSet. The S&P 500
SPX,
-1.35%
shed 59.75 points, or 1.4%, to 4,376.28. The Nasdaq Composite
COMP,
-1.87%
finished lower by 257.06 points, or 1.9%, to 13,463.97. Stocks opened higher following the latest blockbuster earnings report from chipmaker and artificial-intelligence darling Nvidia Corp.
NVDA,
+0.10%
Wednesday night. But early gains faded as major technology names headed lower throughout the session.