New York Equities: Rising bond yields weigh after two strong days

Rising bond yields pushed US equity markets into the red on Wednesday. They also paid tribute to the significant price increases since the beginning of the week. Despite mostly solid company data, the leading Dow Jones Industrial index recently lost 0.86% to 30,260.10 points. The market-wide S&P 500 fell 1.20% to 3,675.28 points, while the heavily tech-heavy Nasdaq 100 fell 1.00% to 11,036.55 points.