GLOBAL MARKETS-Stocks fall, bond yields jump as rate hikes loom

MSCI's gauge of stocks across the globe shed 1.85%.The Dow Jones Industrial Average fell 569.84 points, or 1.63%, to 34,299.53, the S&P 500 lost 90.5 points, or 2.04%, to 4,352.61 and the Nasdaq Composite dropped 423.29 points, or 2.83%, to 14,546.68.The pan-European STOXX 600 index fell 2.2%, its biggest one-day decline in more than two months.

NEW YORK: Global shares fell for a third day in a row on Tuesday, with tech stocks plummeting, as anxiety over when central banks might raise interest rates led to rising bond yields on both sides of the Atlantic.

U.S. Treasuries extended their sell-off into a fourth day with the 10-year yield reaching a level last seen in mid-June.