Wall Street closed lower as Treasury yields rose

The main US stock indexes closed lower yesterday, giving up early gains, as the Treasury yield rose, following a weak auction of 30-year bonds offset the effect of strong profits from giant companies such as Disney and PepsiCo..

According to unofficial data, the Standard & Poor’s 500 index closed down 36.09 points, or 0.88 percent, at 4081.77 points.

The Nasdaq Composite Index lost 119.01 points, or one percent, to close at 11,791.51 points.

The Dow Jones Industrial Average fell 243.40 points, or 0.72 percent, to close at 33,705.61 points.