Stocks closed Tuesday lower, while bond yields climbed to their highest levels in years, as the Federal Reserve's two-day September meeting got under way.
Shares of Amazon.com, one of the biggest stocks in the market, dragged down indexes with a nearly 2% slide.
Walt Disney’s $60 billion spending plan was not well-received: Its stock traded about 3% lower, weighing on the blue-chip Dow.
The benchmark 10-year Treasury yield settled at 4.366%, its highest closing level since 2007.
The two-year yield settled at around 5.109%, its highest level since 2006.
Persons:
Stocks, Read, Walt Disney’s, specter
Organizations:
Federal, Dow, Nasdaq, Brent, Treasury
Locations:
Canada