U.S. stocks fall further from their records after bond markets crank up the pressure - BNN Bloomberg
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Article Excerpt
U.S. stocks fell further from record highs on Tuesday as investors grew more wary of aggressive rate hikes by the Federal Reserve and concerns about a potential recession persisted.
The Dow Jones Industrial Average dropped 276.95 points, or 0.8%, to 34,109.48, while the S&P 500 lost 31.32 points, or 0.8%, to 3,963.44. The Nasdaq Composite declined 117.29 points, or 1.0%, to 11,333.73.
The declines came as bond markets continued to send signals that the economy may be cooling faster than previously expected. The yield on the benchmark 10-year Treasury note rose to 4.56% from 4.42% late Monday…
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