USA equity markets closed solidly lower on Tuesday with the Dow industrials halting their eight-day advance.
The broad sell-off followed a slide in bond prices, which sent the 10-year Treasury yield to its highest level in nearly seven years. In other words, you can earn higher income on risk-free short-term money than you can on stocks.
Stocks are broadly higher at midday on Wall Street as investors hope that trade tensions will ease between the US and China.
The Dow Jones industrial average lost 162 points, or 0.6 percent, to 24,739. The technological Nasdaq Composite expanded by 0.1% and ended at 7,411.32 points. Smaller rival Lowe's Companies Inc (LOW.N) was down 1.0 percent.
Guardiola assures Man City fans: We'll be stronger next season
Swansea joined relegated clubs Stoke City and West Bromwich Albion, who were also beaten 2-0 by 11th-placed Crystal Palace on Sunday.
The slide comes in the midst of a strong May for stocks.
MARKETS OVERSEAS: In Europe, Germany's DAX fell 0.1 percent after new data showed the country's economy slowed in the first quarter.
Banks, which stand to prosper because of higher interest rates on loans, bucked the downward trend.
The Dow is down 124.76 points, or 0.5 percent.
The market now prices a near 40% chance of an additional third hike this year by the Fed and sees the Fed funds rate above 2.75% at the end of 2019.
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If you mess around with the pitch, you'll also maybe hear different sounds depending on how messed up your ears are. Instead, people on Twitter are arguing over whether an audio recording is saying "Yanny" or "Laurel".
"The stock market was due for a digestion of the gains that we've seen over the last eight trading sessions", said Quincy Krosby, chief market strategist at Prudential Financial. Small-company stocks also rose. KeyCorp rose 1.5 percent. Higher mortgage rates can make it harder for would-be buyers to afford to purchase a home.
Some banks got a boost from higher rates, which make loans more profitable. The VIX Volatility Index was higher at 14.57 with a gain of 1.64 points or 12.68%.
Declining issues outnumbered advancing ones on the NYSE by a 1.87-to-1 ratio; on Nasdaq, a 1.14-to-1 ratio favored decliners.
Stocks are opening moderately higher on Wall Street, led by gains in technology, health care and energy companies.
Benchmark U.S. crude oil reversed an early side, rising 35 cents to settle at $71.31 a barrel in NY. Brent crude, used to price global oil, added 20 cents to $78.43 in London. Soon-to-be NY Fed President Williams noted that "inflation has just barely reached our 2 percent goal" and said that he thought the chances of two or three additional hikes this year were reasonably balanced.
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She has been unapologetic about her weight, the loud colors she wears and the funky chicken moves that have become her trademark. Netanyahu referenced Barzilai again in a speech Sunday morning, saying: "These days Jerusalem is blessed with many gifts".
CURRENCIES: The dollar rose to 109.97 yen from 109.53 yen late Monday. Gold fell $27.90, or 2.1 percent, to $1,290.30 an ounce. Nvidia fell 4.4 percent to $244.13. Hong Kong's Hang Seng dropped 1.2 percent.