NEW YORK — Wall Street weakened Wednesday to worsen what’s already been a messy August.
The S&P 500 fell 33.53, or 0.8 percent, to 4,404.33, following up on its prior day’s tumble of 1.2 percent. The Dow Jones Industrial Average lost 180.65 points, or 0.5 percent, to 34,765.74, and the Nasdaq composite dropped 156.42, or 1.1 percent, to 13,474.63.
Increased pressure came from the bond market, where yields have recently neared their highest levels since the Great Recession sent interest rates collapsing. Yields climbed more following the afternoon release of the minutes from the Federal Reserve’s latest meeting.
The minutes suggested Fed officials are unsure about their…
Keep on reading: Wall Street falls as bond market cranks up the pressure
