[Breaking] Wall Street Closes Lower Across the Board... Rising Treasury Yields Weigh on Stocks
As U.S. long-term Treasury yields rose again, investor sentiment toward risk assets weakened, and all three major U.S. indexes closed lower on Wednesday, October 7 (local time).
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On the New York Stock Exchange, the Dow Jones Industrial Average fell 0.66% from the previous trading session. The S&P 500, which is weighted toward large-cap stocks, and the tech-heavy Nasdaq Composite each dropped 0.22%.
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