Wall Street slips as higher yields weigh on stocks
US stock indices closed lower on Wednesday. The S&P 500 fell 0.5%, the Nasdaq lost 0.3% and the Dow shed 405 points as yields rose and corporate-margin and consumer-demand concerns increased.
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TSX Composite slips 1.2% as global yields rise
S&P/TSX Composite fell 1.2% to close at 35,826 on Tuesday as global bond yields climbed. Renewed Middle East hostilities lifted oil and markets repriced rate-hike expectations, pressuring financials, miners and tech.