How major US stock indexes fared Wednesday, 4/10/2024

U.S. stocks fell on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend. The S&P 500 lost 0.9% Wednesday. The Dow Jones Industrial Average gave back 1.1%, and the Nasdaq composite fell 0.8%. Treasury yields also leaped in the bond market, raising the pressure on the stock market. Traders pulled back on bets for coming cuts to interest rates by the Federal Reserve following a third straight inflation report that came in hotter than expected. The yield on the 10-year Treasury jumped to 4.55%.