Wall Street ends lower, off record highs, as Treasury yields climb

Wall Street ended lower on Tuesday, retreating from record highs, as yields on U.S. Treasury notes climbed.

The Dow Jones Industrial Average fell 0.74%, the S&P 500 lost 0.73%, and the Nasdaq Composite dropped 0.68%.

Investors are closely watching Treasury yields, which have been rising in recent weeks, as they can influence stock valuations and borrowing costs for companies.

Market sentiment was also dampened by a rise in COVID-19 cases in some parts of the world, which could slow down the global economic recovery.