U.S. stocks fall as bond yields rise

11:41 am ET Jun 12, 2007

DJIA

13,379

-45.59

S&P

1,504

-4.34

NASDAQ

2,561

-10.57

10Yr

5.21%

+0.069

U.S. stocks fall as bond yields rise

NEW YORK
U.S. stocks were lower Tuesday, as investors remain unnerved by rising
bond yields, which lift borrowing costs for consumers and businesses,
and with the technology sector under pressure after Texas Instruments
reduced its earnings outlook.

CORRECT: Lehman Bros. profit up 27%, tops estimates

BOSTON
Lehman Brothers on Tuesday said its second-quarter net income rose 27%
from a year earlier and beat analyst forecasts, but the housing slump
and continued weakness in residential mortgages weighed on its
fixed-income business.