NEW YORK (AP) — U.S. stock indexes are edging lower in afternoon trading on Tuesday as another swell higher for Treasury yields adds pressure on big technology stocks.
The S&P 500 was down 0.5%, a day after slipping from its record high, with nearly 60% of stocks in the index falling. The Dow Jones Industrial Average slipped 128 points from its all-time high set a day before, or 0.4%, to 33,043, as of 1:15 p.m. Eastern time. The Nasdaq composite fell 0.4%.
The spotlight was again on the bond market, where the yield on the 10-year Treasury rose to 1.73%