Wall St closes lower on higher Treasury yields, rate hopes

The Dow rose 63.86 points, or 0.17%, to 37,798.97, the S&P 500 lost 10.41 points, or 0.21%, to 5,051.41 and the Nasdaq lost 19.77 points, or 0.12%, to 15,865.25.

NEW YORK: Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient US economy with persistent inflation.

Federal Reserve chair Jerome Powell said on Tuesday recent inflation data has not given policymakers enough confidence to ease credit soon, noting that the US central bank may need to keep rates higher for longer than previously thought.