Stocks closed lower Thursday on Wall Street as bond yields fell again and investors turned cautious after the market’s recent run of record highs. The Standard & Poor’s 500 index fell 0.9%, weighed down by a broad slide driven mainly by technology, financial, industrial and communication companies. The yield on the 10-year Treasury note fell to 1.30%, the lowest level since February, after slipping to 1.32% a day earlier. AdvertisementThe S&P 500 fell 37.31 points to 4,320.82. Investors are also gauging the potential impact from COVID-19 variants stymying a resurgence in commerce and travel.

Source: Los Angeles Times July 08, 2021 22:24 UTC