Rising bond yields sent most stocks lower yesterday, exacerbating nervousness in a market already rattled by the dollar's latest slump against the Japanese yen.
On Wall Street, the Dow Jones industrial average dropped 40.99 to 10,947.92. Early in the session, the Dow had dropped as much as 102 points.
The Standard and Poor's 500 fell 8.79 to 1,407.83. The Nasdaq composite index fell 25.44 to 3,422.37.
Declining issues outnumbered advancers by a two-to-one margin on the New York Stock Exchange, with 2,120 down, 1,004 up and 444 unchanged.
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The Russell 2000 index of smaller companies fell 1.99 to 456.95.
