Stocks Lose Steam in Final Minutes of US Trading: Markets Wrap

Wall Street struggled to regain confidence in the wake of a Treasury selloff that shook markets amid fiscal concerns, with stocks dropping in the last stretch of US trading. Bonds and the dollar rose.

After a brief pause in equity selling, the S&P 500 lost steam to finish lower for a third consecutive day. That’s the longest slide since April 8, when the gauge closed on the brink of a bear market. While the cohort of big techs outperformed, a decline in Apple Inc. late in the session soured the mood. That’s even as long-term government bonds rebounded, with 30-year yields falling after approaching levels last seen in 2007.