Wall Street ends lower, off record highs, as Treasury yields climb

What happened: Wall Street closed lower as long-dated US Treasury yields resumed climbing, a day after the S&P 500 and Nasdaq hit record closing highs. All three major indexes fell modestly. Key numbers: 30-year Treasury yield hit a 24-year high. S&P 500 lost 0.23% to 7,801.15. Nasdaq lost 0.24% to 27,533.39. Why it matters: Rising oil prices revived inflation worries and raised the chances of a prolonged rate hiking cycle, rattling global markets. Fed minutes showed division over the September hike's rationale, and housing, homebuilders and chip stocks ended lower. Coverage: 7 outlets in 24h

Wall Street fell from record highs as rising Treasury yields pressured equities.

Wall Street fell from record highs as rising Treasury yields pressured equities. — impact context not separately stored; see What changed.