Wall Street Wraps Up Lower Amid Treasury Yield Jumps

Wall Street ended the week lower due to rising Treasury yields and inflation concerns. The benchmark 10-year yield climbed nearly 20 basis points to 4.97%, while CPI rose 0.4% month-over-month in August, in line with estimates.

The blue-chip Dow Jones Industrial Average fell by 1.57%, the S&P 500 lost 0.80%, and the tech-heavy Nasdaq Composite handed back 0.66%. Several stocks caught investor attention this week:

Apple formally unveiled its iPhone Duo, a foldable smartphone starting at $1,999, available on October 23.