U.S. stocks end lower as tech sector drops sharply amid rising bond yields

U.S. stocks finished lower Wednesday, with shares of technology companies dropping sharply, as the S&P 500 booked back-to-back losses amid a rise in Treasury yields. The Dow Jones Industrial Average DJIA, -0.57% fell 0.6%, while the S&P 500 SPX, -0.70% dropped 0.7% and the tech-heavy Nasdaq Composite COMP, -1.

06% sank 1.1%, according to preliminary data from FactSet. Information technology was the S&P 500’s worst-performing sector on Wednesday with a loss of around 1.4%. In the U.S. bond market, the yield on the 10-year Treasury note rose for a third straight day on Wednesday to 4.289%, according to Dow Jones Market Data.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500: Market Momentum Finally Turns PositiveMarket Overview Analysis by Craig Thompson covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Craig Thompson's latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »