The Dow lost 193 points, or 0.8 percent, to 24,706. The Dow Jones industrial average lost 0.9%.
The S&P 500 declined 0.7 percent to 2,711.45 as health care and real estate stocks lagged. The Dow Jones Small-Cap Value TSM Index closed at 10,162.47 for a gain of 1.12 points or 0.01%.
ENERGY: Benchmark U.S. crude oil gave up 15 cents to $71.16 per barrel in electronic trading on the New York Mercantile Exchange. The Nasdaq composite dropped 0.8 percent to 7,351.63 as Amazon, Microsoft and Google-parent Alphabet all pulled back more than 1 percent.
United States stocks fell firmly on Tuesday after a surge in U.S. government bond yields to their highest level in nearly seven years challenged appetite for equities compared with climbing rates for risk-free bonds.
The prospect of higher mortgage interest rates weighed on homebuilders, while the rise in bond yields sent shares in high-dividend paying stocks lower.
Viacom slumped 6 percent and CBS rose 4 percent after CBS sued to block efforts to force the company combine with Viacom.
The yield on the 10-year Treasury rose to 2.99 percent. The agency also revised March sales higher to 0.8 percent from 0.6 percent. "The most notable of these is the retail sales data for April, which is expected to be relatively good for a second consecutive month following a few poor numbers that were a little worrying", Craig Erlam, a senior market analyst for Oanda, said in a commentary. Bond yields tend to rise when investors expect faster economic growth and higher inflation.
Stocks are moving mostly lower in midday trading on Wall Street, led by technology and health care companies. The technological Nasdaq Composite expanded by 0.1% and ended at 7,411.32 points.
Benchmark US crude oil reversed an early side, rising 35 cents to settle at $71.31 a barrel in NY. Brent crude, used to price worldwide oil, added 20 cents to close at $78.43 a barrel in London. The euro weakened to $1.1884 from $1.1974. The S&P 600 closed at 982.43 for a gain of 0.30 points or 0.03%.
Japan's benchmark Nikkei 225 edged down 0.2 percent to 22,818.02.
NORTH KOREA: North Korea canceled a high-level meeting with South Korea, threatening to scrap a historic summit next month between President Donald Trump and North Korean leader Kim Jong Un over military exercises between Seoul and Washington that Pyongyang has long claimed are rehearsals for invasion. Hong Kong's Hang Seng dropped 1.2 percent.
Nationally, individual cases across the country have been absorbed into one multi-district case under a federal judge in Ohio. Attorney General Josh Stein filed a lawsuit against Perdue Pharma, which makes Oxycontin.
Missing out on Russian Federation 2018 caused significant soul-searching in the country, but Mancini sees a road back. His first matches in charge will come against Saudi Arabia on May 28, France on June 1 and the Netherlands on June 4.
Barcelona star Lionel Messi says it would be "terrible" to see his friend and former teammate Neymar signing for Real Madrid . Real Madrid stars Cristiano Ronaldo and Dani Carvajal returned to full training on Tuesday afternoon with their teammates.
The Anne Frank House, a museum located in Frank's former hiding place, did not quote directly from the text it had recovered. Researchers were at pains to point out that it is not the first time that Frank wrote about sex in her diary.
None of the charges against Manafort involve crimes related to Russian interference in the 2016 presidential campaign. Jackson sided with prosecutors who had produced an August 2017 memo from Deputy Attorney General Rod Rosenstein.
A Mid-Michigan couple's marriage proposal video is going viral - and not for a reason you would expect. He send her a friend request before she accepted it, replying with 'Thanks for the add.' Classic.
He said the government would press ahead with the Bill but suggested it would be open to amending it to reflect Scottish concerns. MSPs voted against the legislation by 93 votes to 30, with the Scottish Nationalists backed by Liberal Democrats and Labour.
NAN reports that the Super Eagles will open its account at the World Cup on June 14 against Croatia in the city of Kaliningrad. Moses, Iwobi and Musa lead a strong group of forwards in the 30-man squad that also includes Kelechi Iheanacho and Moses Simon.
The Cavs cut Boston's lead to 14 entering the fourth quarter, and the Celtics opened up with a quick 7-0 run to rebuild the lead. Before the Cleveland Cavaliers started, Morris put a massive target on his back, despite his poor performance.
The owner is calling the incident "battery" and told TMZ Sports that he had to call security to remove Ajayi from the property. The owner claims Ajayi and his friends broke a table, scratched some floors and did not respect the no smoking policy.
Things You Might Have Missed From Last Night's WWE Raw
Here is the match that will easily steal the show and could be one of the best of the year if they're given enough time. Roode connects with the Glorious DDT on No Way Jose to pick up the win and advance to the Money in the Bank match.
EPL: Manchester City Broke 7 Records To Win
So this is a good time to try and assess how individual players have performed and we start with the top-3 defenders. The numbers are always consequences of what we have done in terms of the way we play, our mentality.
10 missing as boat capsizes in Godavari River in Andhra
According to Reddy, the driver of the boat has said there are 25-26 passengers in the boat at the time of the incident. Chief Minister N Chandrababu Naidu and Deputy Chief Minister (Home) N China Rajappa took stock of the situation.
Peru captain to miss World Cup after doping ban extended
Bolivia fielded an ineligible player in a 2-0 win over Peru , and that result was overturned to a 3-0 loss by default. It ended on May 3, making Guerrero eligible to play at the June 14-July 15 World Cup in Russian Federation .
Europe, Iran diplomats plan to save nuclear deal
As a outcome , business leaders would have to make a choice between being active either in the US or Iranian market. The commission is expected to unveil them to European Union leaders at a summit in Sofia , Bulgaria, on Wednesday.
European Union still providing illegal subsidies to Airbus
Boeing fell less than 1 percent to $342.09 at 12:37 p.m.in NY , recovering from losses logged before the decision was issued. It is anticipated that USA tariffs will be authorized up to the amount of annual harm the subsidies are determined to cause.
Ryan Reynolds Meets Kakao Character Ryan For An Interview
Speaking to Entertainment Weekly ahead of the film's released this week, he said: 'I don't know that there would be a Deadpool 3. There is a also surprisingly emotional tinge to the proceedings that will connect with you, despite the mayhem around it.