Equity

The Dow Jones Industrial Average declined 341.41 points, a 0.66% decrease, to conclude trading at 51,179.87, as the S&P 500 retreated 0.22% to finish at 7,801.77. The Nasdaq Composite edged lower by 0.22% to reach 27,538.69 at the close.

Concerns arose among investors as the yield on the benchmark 10-year Treasury note ascended to its peak since April 2002, registering at 5.365% on Wednesday. The 30-year bond yield similarly attained its highest level since May 2002, reaching 5.73%.