US Stocks Edge Lower as Bond Yields Reach Multi-Decade Highs
US equities closed slightly lower on Tuesday as long-term government bond yields surged to multi-decade highs. Investors awaited upcoming inflation and labor market data to gauge the future path of interest rates.
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United States equities closed Tuesday's session slightly lower as long-dated government bond yields climbed to multi-decade highs. The Dow Jones Industrial Average fell 131.59 points, or 0.26%, to 51,349.92.
