US stocks slip after oil prices and the bond market crank up the pressure
NEW YORK (AP) — U.S. stocks slipped Tuesday after oil prices and the bond market cranked up the pressure on Wall Street. The S&P 500 fell 0.4%. The Dow Jones Industrial Average dropped 328 points, or 0.6%, and the Nasdaq composite sank 0.8%. They felt pressure as the yield on the 10-year Treasury, which is the centerpiece of the U.S. bond market, climbed to 5.00% from 4.97% late Monday and briefly touched 5.04% overnight. It's been jumping to its highest level in years, and Monday was the first time it breached 5% since 2023. Higher yields mean everyone from the U.S. government ...