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CNBC Daily Open: Treasury yields are putting pressure on stocks

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Rising U.S. Treasury yields are straining stocks. And with rates possibly going higher if inflation resurges, yields could climb further still.

declined 1.17%. All three indexes closed below their 50-day moving average — the first time for the Dow since June., a fund that tracks the S&P index, traded 95.3 million shares, above its 30-day moving volume of 72.4 millionthe latest American Association of Individual Investor weekly survey

. Just 35.9% of investors are bullish about the next six months, down from 44.7% last week and 49% two weeks ago. The decline snapped a 10-week streak when bullishness had exceeded the historical average of 37.5%, the AAII said. It'd be a stretch of the imagination, however, to say that a bear market is back. All indexes are still above their 200-day moving average. The S&P is around 9.31% off its record high and has rallied about 14% this year. It's important to keep in mind that August has historically been a slow, and bad month for stocks. But August is just one month.

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