Rising Treasury Yields Weigh on Wall Street Stocks

Stocks on Wall Street declined modestly Tuesday as rising Treasury yields weighed heavily on the market.

The S&P 500 fell 0.2%, while the Dow Jones Industrial Average dropped 0.3% and the Nasdaq composite slipped 0.1%.

Nvidia, a key tech stock, gave up its early gains to close 0.7% lower, despite being one of the biggest gainers in recent months.

The surge in oil prices due to the ongoing US-Iran conflict is driving Treasury yields higher, making borrowing more expensive and potentially slowing economic growth.