U.S. stocks fall sharply as yields rise higher

4:30 pm ET Jun 12, 2007

DJIA

13,295

-129.95

S&P

1,493

-16.12

NASDAQ

2,549

-22.38

10Yr

5.25%

+0.111

U.S. stocks fall sharply as yields rise higher

NEW YORK
U.S. stocks fell sharply in a volatile session Tuesday, as investors
remained unnerved by rising bond yields, which lift borrowing costs for
consumers and businesses, and a profit-warning Texas Instruments fueling
concerns about earnings.

FundWatch: With long-term bond yields rising, fund managers play
defense

SAN FRANCISCO
As long-term yields climb, several bond mutual-fund managers with
flexibility to move between sectors are tweaking their portfolios.