May 7, 2022 6:13 PM

US markets decline amid concerns about rising Treasury yields

US markets declined yesterday amid concerns about rising Treasury yields and the prospect of more rate hikes. The S&P 500 lost 23 points, or 0.6%, to end at 4,124 points, while the Nasdaq Composite lost 174 points, or 1.4%, to 12,144. The Dow Jones Industrial Average fell 86 points, or 0.3%, to 32,912. The Dow closed lower for a sixth-straight week, matching a run of weekly declines from April-May 2019. The Dow last closed down seven straight weeks from May July 2001. The S&P 500...