US stocks fell on Tuesday as another jump in oil prices and a sharp rise in Treasury yields intensified pressure on investors, with markets already bracing for the Federal Reserve’s expected interest-rate hike, AP reported.
The S&P 500 fell 0.4%, while the Dow Jones Industrial Average dropped 0.6% and the Nasdaq Composite declined 0.8%. The moves came as the yield on the 10-year Treasury climbed to 5.01%, up from 4.97% late Monday, after briefly touching 5.04% overnight.
