U.S. stocks finish mostly lower, S&P 500 books back-to-back losses amid rising Treasury yields

U.S. stocks closed mostly lower Wednesday, with the S&P 500 booking back-to-back losses, as Wall Street began March on a downbeat note. The Dow Jones Industrial Average DJIA, +0.02% edged up less than 0.1% to close about flat, while the S&P 500 SPX, -0.47% shed 0.5% and the technology-heavy Nasdaq Composite COMP, -0.66% dropped 0.7%, according to preliminary data from FactSet.

Stocks mostly fell amid rising Treasury yields as investors weighed remarks from Minneapolis Federal Reserve President Neel Kashkari, who on Wednesday indicated he’s undecided about whether he will advocate for the central bank to raise its benchmark rate by a quarter of a percentage point or a half point at its meeting later this month. The yield on the two-year Treasury note jumped 9.2 basis points on Wednesday to 4.887%, the highest since July 17, 2007, according to Dow Jones Market Data.

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