US stocks: S&P 500, Nasdaq retreat from records as oil and Treasury yields rebound

What happened: The S&P 500 and Nasdaq retreated from records as oil and Treasury yields rebounded. The Dow Jones Industrial Average fell 472.21 points, or 0.92%, to 51,049.07. Key numbers: S&P 500 declined 44.80 points, or 0.56%, to 7,775.04. Nasdaq Composite dropped 235.16 points, or 0.85%, to 27,364.73. Why it matters: Technology stocks led the declines, and higher energy costs revived worries about inflation and elevated interest rates. Attention is expected to turn to third-quarter earnings next week, when several major financial companies are scheduled to report.

S&P 500 and Nasdaq retreat from records as oil and Treasury yields rebound.

S&P 500 and Nasdaq retreat from records as oil and Treasury yields rebound. — impact context not separately stored; see What changed.