US Stock Indexes Close Lower Amid Rising Bond Yields


Summary: Wall Street closed lower as rising bond yields put pressure on stocks. The S&P 500 lost 0.8%, the Dow Jones fell 0.7%, and the Nasdaq dropped 1%. Bond yields reached 5% for the first time since 2007.

Wall Street faced a decline as rising bond yields weighed on stocks. The S&P 500 recorded a 0.8% loss, driven by mixed profit reports from influential companies like Tesla. The Dow Jones Industrial Average dropped 250 points, while the Nasdaq composite fell 1%. Bond market pressures have been squeezing Wall Street since the summer, with the yield on the 10-year Treasury reaching 4.99% before partially retracing its gains.

On Thursday, the S&P 500 finished 36.60 points lower at 4,278.00. The Dow Jones Industrial Average closed down 250.91 points at 33,414.17, and the Nasdaq composite declined by 128.13 points to 13,186.18. The smaller companies represented by the Russell 2000 index also experienced a 1.5% drop, amounting to a decrease of 26.11 points.

Looking at the weekly performance, the S&P 500 is down 1.2%, the Dow is down 0.8%, the Nasdaq is down 1.6%, and the Russell 2000 is down 1%. However, in the broader context of the year, the S&P 500 is up 11.4%, the Dow has gained 0.8%, the Nasdaq has surged by 26%, while the Russell 2000 has witnessed a 3.3% decline.

Tags: Wall Street, stock indexes, bond yields, S&P 500, Dow Jones, Nasdaq, Russell 2000, bond market, Treasury yield, profit reports