Stocks took a beating today as the Dow Jones Industrial Average ended the trading day down 425 points, 1.73 percent. The S&P 500 index sank 35.73 points, or 1.3 percent, to 2,634.56.

The Nasdaq composite dropped 121.25 points, or 1.7 percent, to 7,007.35.

Stocks tumbled Tuesday after companies including Caterpillar, 3M and Sherwin-Williams said they're seeing higher costs.

Wall Street limped into positive territory on Wednesday on optimism over a spate of upbeat earnings that was almost offset by jitters over rising US bond yields and corporate costs.

Then Caterpillar executives told analysts on a conference call in the late morning that they don't expect the company to report a larger per-share profit for the rest of 2018.

Markets opened higher, but fell significantly after Caterpillar released its profit margins for the first quarter.

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West then met with Trump not long after he was declared president-elect, going on to defend his controversial decision. On Wednesday , the White House had no further details on whether the two had been in regular contact since then.

Goodyear Tire & Rubber fell 4.9 percent after warning of higher expenses for raw materials. (BA), but the broader market finished (http://www.marketwatch.com/story/stock-selloff-set-to-continue-as-10-year-yield-blows-further-past-3-2018-04-25) the session little changed, as investors wrestled with climbing government bond yields.

Other companies, including Lockheed and 3M, also gave disappointing updates, adding to the sting of rising Treasury yields.

"It's not a mystery why these things are happening", Baumohl said.

Other technology stocks in the FAANG group, Facebook, Amazon.com Inc and Netflix Inc, also weighed on the Nasdaq.

Comcast rose 2.7 percent after the largest USA cable company confirmed its $31 billion bid for Sky on the heels of its better-than-expected earnings report.

The aerospace company topped Wall Street's estimates in the first quarter and raised its forecasts for the year. The stock market had already been spooked by a climb in bond yields earlier in the year, sliding sharply in February.

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This is a community that was always a significant anchor for the state of Israel . "Losing them might be too high a price". She's expressing the voices of many in US Jewry, and particularly those of the younger generation.

COMMODITIES: Benchmark U.S. crude oil rose 8 cents to $67.78 in NY.

The S&P 500 index lost 11 points, or 0.4 percent, to 2,623.

"Fears of "peak earnings" are laughable considering that the average constituent in the S&P 500 has enjoyed year-over-year bottom line growth in excess of 20%", Klein wrote in a note.

The 10-year Treasury note's yield exceeded 3% on Wednesday, reaching its highest level since 2013. Meanwhile, the Alphabet stocks fell by more than 4.5%. Exxon Mobil rose 1.5 percent after raising its dividend.

The Nasdaq is down 138.77 points, or 1.9 percent.

The Dow is down 438.81 points, or 1.8 percent. Hong Kong's Hang Seng lost 1.1 percent and South Korea's Kospi lost 0.6 percent.

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