US STOCKS - Wall Street Ends Lower Amid Rate Concerns, Higher Bond Yields

May 30, 2024, 04.49 AM | Source: Reuters
US STOCKS - Wall Street Ends Lower Amid Rate Concerns, Higher Bond Yields

ILUSTRASI. US STOCKS - Wall Street Ends Lower Amid Rate Concerns, Higher Bond Yields. REUTERS/Brendan McDermid

WALL STREET - NEW YORK, May 29 (Reuters) - U.S. stocks fell on Wednesday amid further gains in Treasury yields and concern over the timing and scale of possible interest rate cuts from the Federal Reserve.

The Dow fell more than 1% and hit its lowest level in nearly a month. All of the S&P 500 sectors ended lower as well, with rate-sensitive utilities .SPLRCU among sectors with the biggest declines.

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