Wall Street joins global meltdown, Dow Jones dives 287 points

NEW YORK, New York - U.S. stocks fell sharply on Friday in line with the global trend, as the yield on 10 year Treasuries topped 5 percent for the first time in sixteen years.

"The stock market is watching the bond market and doesn't like what it sees," David Donabedian, chief investment officer of CIBC Private Wealth Management told CNBC Friday. "Yields are rising, even with the relatively good news about inflat