The S&P 500 Index ($SPX) (SPY) on Tuesday closed down by -0.69%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.55%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.79%. September E-mini S&P futures (ESU25) fell -0.65%, and September E-mini Nasdaq futures (NQU25) fell -0.76%.
Stock indexes retreated on Tuesday, with the S&P 500 and Nasdaq 100 dropping to 1.5-week lows, and the Dow Jones Industrials falling to a 1-week low. Higher bond yields on Tuesday weighed on stocks and sparked risk-off sentiment in asset markets, with the 10-year T-note yield rising +5 bp to 4.28%. Global bond yields rose on Tuesday on concerns over government finances and lingering inflation risks.
