October 22, 2024 – 7:32 AM PDT
(Reuters) – U.S. stock indexes sagged on Tuesday as rising Treasury yields impacted rate-sensitive sectors, while investors evaluated earnings to assess the health of American companies.
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Verizon (VZ.N) was the biggest decliner on the blue-chip Dow after the telecom giant missed estimates for third-quarter revenue with a 4.9% loss.
Adding to losses, Dow heavyweight 3M (MMM.N) slipped 0.6%, reversing its premarket gains, despite raising the lower end of its full-year adjusted profit forecast.
The Dow Jones Industrial Average (.DJI) fell 153.09 points, or 0.36%, to 42,778.51, the S&P 500 (.SPX) lost 22.04 points, or 0.38%, to 5,831.94, and the Nasdaq Composite (.IXIC) lost 52.19 points, or 0.28%, to 18,487.82.
Pressuring equities, U.S. Treasury yields rose as investors assessed the impact of the upcoming…
