U.S. equity markets closed solidly lower on Tuesday with the Dow industrials halting their eight-day advance.
The selling on Wall Street was accompanied by a rise in bond yields, with the 10-year Treasury yield topping 3.07%. The Dow Jones Industrial Average lost 193.07 points, or 0.8%, to 24,706.34, putting an end to a 8-day rally, the longest since last September. The S&P 500 index fell 18.69 points, or 0.7% to 2,711.44.
Meanwhile the Nasdaq Composite declined 59.69 points, or 0.8% to 7,351.63. Among the worst performers on the S&P 500, Agilent Technologies shares dropped nearly 10% after the maker of medical instruments and other equipment posted quarterly earnings that matched forecasts late Monday.
Source : Market Watch