U.S. stocks on Wednesday were trading modestly lower, with the donwdraft being partially attributed to investors cashing out of some of their holdings after a multiday uptrend for the S&P 500 index and the Nasdaq. Wall Street investors were also paying close attention to yield moves in U.S. bonds after a report said China is considering halting its U.S. government paper, which quelled appetite for U.S. stocks, bonds and the dollar. The Dow Jones Industrial Average fell 66 points, or 0.3%, at 25,318, the S&P 500 index declined 8 points, or 0.3%, at 2,743, while the Nasdaq Composite Index gave up 28 points, or 0.4%, at 7,134. All three main equity benchmarks ended at all-time highs on Tuesday. The 10-year Treasury yield was on the verge of rising above 2.60%, which could influence equity purchases. Bond prices fall as yields rise.
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From:: Stock Market News