Art Cashin: Once the 10-year yield hits 3% 'all hell' could break loose

The 3 percent level on the 10-year Treasury yield is both "a target and a kind of resistance," Art Cashin says.

DJIA 24,961.31 +0.66% +163.53 S&P 500 2,703.99 +0.10% +2.66 NASDAQ 7,210.09 -0.11% -8.14 MOST ACTIVE DOW NAME LAST CHG % CHG GE 14.62 +0.13 0.90% AAPL 172.60 +1.53 0.89% CSCO 42.94 -0.37 -0.85% S&P 500 NAME LAST CHG % CHG CHK 3.20 +0.57 21.67% GE 14.62 +0.13 0.90% BAC 31.69 -0.18 -0.56% NASDAQ NAME LAST CHG % CHG AAPL 172.60 +1.53 0.89% CSCO 42.94 -0.37 -0.85% SIRI 6.15 +0.02 0.33% Quotes as of 2/22/2018 4:06:32 PM ET TOP NEWS Art Cashin: Once the 10-year yield hits 3% 'all hell' could break loose Nasdaq closes lower for fourth straight day, S&P 500 hangs on to slight gain Armed teachers, background checks and age limits: Read Trump's ideas to stop school shootings JP Morgan Chase glitch gave some online users access to others' accounts Nearly half of hedge-fund investors think the stock market has peaked Snap's annual report reminds investors just how much power CEO Evan Spiegel has Pence warns conservatives: Pelosi and 'motivated' Democrats could take back Congress Homeowners are using rental income earned through Airbnb to refinance their mortgages Iran becomes latest rogue state to develop its own cryptocurrency Snap shares fall 7 percent after Kylie Jenner slams redesign Wells Fargo's Scott Wren: Fed won't do too much in 2018, expect 3 hikes 'at most' Mark Mahaney and Danny Fish discuss Facebook, Roku and Apple outlook TOP VIDEO Watch SpaceX launch the first test satellites for its next generation internet network SpaceX launched the first test satellites for its next generation internet network. SPECIAL REPORTS Tax cuts are here, but if you work on Main Street, a pay raise isn't coming The third-leading cause of death in America most doctors don't want you to know about Feedback We value your input—use our simple form to let us know what you think. Click here for Real-Time data and top stories on your desktop or mobile device. Send this email to a friend Unsubscribe Advertise More Newsletters Digital Products © 2018 CNBC Inc. All Rights Reserved. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632

To ensure delivery to your inbox,
please add eveningbrief@response.cnbc.com
to your address book.