Wall Street Falls Amid Fed Rate Hike Concerns and Surging Treasury Yields

Yesterday, local time, the three major U.S. stock indices closed lower due to concerns over additional interest rate hikes by the Federal Reserve and a surge in Treasury yields.

On this day, the Dow Jones Industrial Average fell 352.10 points, or 0.68 percent, to close at 51,511.59.

The S&P 500 dropped 58.61 points, or 0.75 percent, to 7,706.03, while the tech-heavy Nasdaq Composite declined 308.24 points, or 1.13 percent, to finish at 26,936.04.

(Photo: Getty Images)
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