Higher bond yields pull stocks further from record | Arkansas Democrat Gazette

U.S. bond yields jumped again Monday, dragging stocks further away from record highs as investors priced in higher borrowing costs. The S&P 500 fell 0.8% to 7,683.69, the Dow dropped 0.7% to 51,481.51, and the Nasdaq slid 0.9% to 26,820.38. The 10-year Treasury yield briefly topped 5.27% before easing to 5.23%, while the 30-year yield rose from 5.49% to 5.55%—levels last seen around 2007 and 2004, respectively. Oil volatility linked to the Strait of Hormuz also weighed on sentiment. Brent settled at $97.83 per barrel.