Stocks fell on Wednesday as Treasury yields continued to climb, reaching a 19-year high. The benchmark 10-year Treasury reached 5.108%, the highest level since July 2007.
The Dow Jones Industrial Average dropped 0.68%, while the S&P 500 did so 0.75%. The tech-heavy Nasdaq Composite underperformed, decreasing 1.13% and retreating from a record high hit on Tuesday.
