“Why is the stock market down? Dow drops as Treasury yields near highest level since 2007”
October 4, 2023
“…
Why is the stock market down today?
When bonds are paying so much more in interest, they pull investment dollars away from stocks and other investments prone to bigger swings in price than bonds. High yields also make borrowing more expensive for companies and households across the economy, which can hurt corporate profits.
What makes bond yields go up?
Yields have been on the march because investors are increasingly taking the Federal Reserve at its word that it will keep its main interest rate high for a long time in order to drive down inflation. ..”
https://finance.yahoo.com/news/why-stock-market-down-dow-191416717.html
This information is very useful. This type of thing can help predict downswings in the market.