Stock Market Today: Wall Street Falls After 10-year Yield Climbs to the Cusp of 5 Percent

Stock Market Today: Wall Street Falls After 10-year Yield Climbs to the Cusp of 5 Percent
Logos of the New York Stock Exchange adorn trading posts on the trading floor on March 16, 2022. Richard Drew/AP Photo
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NEW YORK—Wall Street fell Thursday as it faces the prospect of a 5 percent yield on the 10-year Treasury for the first time since 2007.

The S&P 500 lost 36.60 points, or 0.8 percent, to 4,278.00 following a mixed set of profit reports from Tesla and other influential companies The Dow Jones Industrial Average dropped 250.91, or 0.7 percent, to 33,414.17, and the Nasdaq composite sank 128.13, or 1 percent, to 13,186.18.