NEW YORK (AP) — The U.S. stock market is giving back more of its record-setting rally on Tuesday as bond markets rattled by high inflation keep cranking up the pressure.
The S&P 500 fell 0.9% and was on track for a third straight loss after setting its latest all-time high. The Dow Jones Industrial Average was down 233 points, or 0.5%, as of 10:55 a.m. Eastern time, and the Nasdaq composite was 1.3% lower.
That followed mixed moves for stock markets abroad, while oil prices eased in their latest yo-yo move. Falling technology stocks in Asia dragged South Korea's Kospi down 3.3%, but Germany's DAX returned 0.4%.
